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Committee weighs $6M master-plan funding options, dues/APF surcharges and timing of irrigation projects
Summary
Staff modeling shows Sun City West has $3.6M in reserve-study funds tied to potential master-plan areas and could add $6M in new capital if the board adopted a temporary $20 dues surcharge and $300 APF collected over five years; members debated trade-offs, potential deferral of irrigation projects, and special assessments versus phased dues.
Sun City West's Budget & Finance Committee spent the bulk of its meeting reviewing multi-year reserve-fund models and options to fund a community master plan, including proposals to collect temporary dues and APF surcharges to preserve a 40% fully funded balance (FFB) while adding capital for renovations.
Cliff (staff) presented baseline modeling that shows, under the current budget, a projected reserve balance of about $47.2 million by 2040 and an FFB of roughly $74 million (about 64% FFB) if the committee does not add master-plan capital. He identified approximately $3.6 million already sitting in reserve-study funding tied to three candidate renovation areas (the Couns, the library, and the social hall) that could be applied to master-plan projects.
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