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Treasurer says RCSC remains 'in the black' despite golf revenue shortfalls; overseeding problems delay play
Summary
Treasurer Anita Borski reported that RCSC remains in the black overall but that golf operations are underperforming against budget; golf is about $560,000 unfavorable on a net excess basis.
Treasurer Anita Borski presented the monthly financial report showing RCSC's unrestricted balance and fund totals and described operating variances in September. She said the association remains in positive operating position overall but has missed some budget targets, particularly in golf.
Key numbers read by Borski: unrestricted funds balance as of Sept. 30, 2025, was $9,900,000 (including a $2,500,000 cash reserve). PIF had a balance of $40,300,000 and the capital reserve fund showed $11,900,000. RCSC reported a net operating deficit for September of $285,368 (about $28,092 worse than budget),…
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