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CFO: Sun City West Financials Close to Plan, Reserve Investments Up About $1.6 Million
Summary
CFO Cliff Swan told attendees the association is roughly on budget for the first six months, flagged timing differences on chemical purchases and golf revenue, and reported $1.6 million positive investment performance in reserve funds year-to-date.
Cliff Swan, Sun City West's chief financial officer, told the midyear meeting the association is largely tracking to budget through the first half of the fiscal year and highlighted reserve fund performance.
"Overall, for the first 6 months of the year, we're doing very well," Cliff said. He noted a small revenue shortfall of about $78,000 and timing-related items on the expense side where…
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