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Sun City rec board hears $1.6M budget shortfall; management vows tighter controls
Summary
The Recreation Centers of Sun City board reviewed a year-to-date unfavorable budget variance of $1,624,000, discussed golf revenue declines and incident-reporting increases, and heard management outline tighter month-to-month controls and training to curb costs and improve reporting.
Treasurer Borsky reported year-end balances and a significant variance in operations, saying the corporation was "unfavorable to budget by $1,624,000." The treasurer listed fund balances, including unrestricted funds of $13,700,000 (which include a $2,500,000 cash reserve), a Preservation and Improvement Fund (PIF) balance of $36,500,000, a capital reserve of $5,800,000 and a carryforward balance of $6,700,000.
Board members pressed management on causes and remedies. Director Preston said the shortfall…
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