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Treasurer says RCSC remains 'in the black' despite golf revenue shortfalls; overseeding problems delay play
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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), while year-to-date operating excess was $1,740,449, higher than budget by $413,457.
On golf performance, Director of Finance Kevin McCurdy said, “As a cost center, golf is about $560,000 unfavorable on a net excess basis.” Board members questioned food-and-beverage performance at course grills; McCurdy said Georgia's Cafes have lost money this year partly because the association pays for equipment maintenance beyond the rent collected. Treasurer Borski emphasized, “we are in the black,” while urging caution about budget variances.
Golf operations updates: Directors and golf staff described overseeding setbacks at Lakes West and Riverview where a combination of pre-seeding herbicide application and rain interfered with seed-to-ground contact. The director of golf explained the problem: “It kinda spread it out and in term, basically, it created a barrier. And so when we threw the seed down a couple days later, the seed was not having seed to ground contact.” Staff have spent recent days verticutting and breaking up the ground to re-establish seed contact; the work will push maintenance windows and reduce course availability for about two weeks to ensure better course conditions during peak season.
Operational responses: Bell Lanes added two "no tap" tournaments to raise revenue after a water-main shutdown; the Golf Expo will proceed at Riverview (November 6) with vendor demos and food service available on-site even if the course is not open for play. The board asked staff to closely monitor the impact of overseeding delays and to look for offsetting revenue opportunities.
Implication: The treasurer and finance director said they will continue to track variances and report monthly; directors stressed the need to balance short-term operating impacts with longer-term capital and turf quality goals.
