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Sun City West midyear finances show modest operating variances; reserve fund ahead of prior year
Summary
Staff reported year-to-date operations near budget, favorable wage and benefits variances driven by open positions, and reserve-fund performance about $1M ahead of prior year after investment gains; staff flagged upcoming capital timing risks tied to planned projects.
Cliff Swan presented the fiscal midyear review and told the committee that December finished roughly on budget with about $2.843 million in revenue and that year‑to‑date operations were close to budget despite golf revenue mix headwinds.
Swan highlighted a favorable variance in wages and benefits (about $224,000 month, $355,000 year-to-date in areas tied to golf and landscape) largely caused…
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