by Jan Ek Financial Report: Since there is no monthly Board meeting in the month of July, I will include the Treasurer’s Report information in my monthly report. The balance of unrestricted funds as of June 30, 2017 was $12,909,103 which includes a $2.5M cash reserve. Restricted funds include the […]
General Manager Reports
General Manager Report – June 2017
by Jan Ek Financial Report: While our gross income remains less than budgeted, we have held our own going into our off season. All divisions are within their operating budget, excluding golf, which has continued to improve their negative variance year to date. It is important to remind you once […]
General Manager Report – May 2017
by Jan Ek Financial Report: While our gross income remains less than budgeted, we have improved considerably from the quarter end, with only an $85k negative variance compared to $120k just a month ago. All divisions are within their operating budget, excluding golf, which after the first four months of […]
General Manager Report – April 2017
by Jan Ek Financial Report: We have operated within our operating and capital budget for the first quarter of 2017. Despite the fact that we have ended the quarter with a negative variance in gross income of $120k, we have operating savings that have accommodated for that difference. Remember that […]
General Manager Report – March 2017
by Jan Ek Financial Report: We have operated within our operating and capital budget year to date. Each financial division has ended February 2017 in a positive variance from budget, regardless of the fact that again all of the divisions, excluding bowling, had less income than budgeted for the month. […]
General Manager Report – February 2017
by Jan Ek Financial Report: We have operated well within our operating and capital budget year to date. Each financial division has ended January 2017 in a positive variance from budget, regardless of the fact that all of the divisions, excluding bowling, had less income than budgeted for the month. […]
General Manager Report – January 2017
by Jan Ek Financial Report: Litigation is pending against the Recreation Centers of Sun City, Inc. (“RCSC”) concerning the organization’s authority to assess the Preservation and Improvement Fee (“PIF”) used to fund major structural improvements and restorations to the recreational facilities in the community. While RCSC believes the challenge is […]
General Manager Report – December 2016
By Jan Ek Financial Report: We have completed November 2016 well within our operating and capital budget. Bowling: Lakeview Lanes recently started a new bowling league. The league bowls Wednesday mornings and has twelve teams of four persons per team. The new league will produce approximately $11,000 of unbudgeted income. […]
General Manager Report – November 2016
By Jan Ek Financial Report: There should be no concern about 2016, all is in order and we are operating well within our budget with all divisions in a positive variance position at the end of October. Now 2017 that’s a different story! No I am not talking about the […]
General Manager Report – October 2016
by Jan Ek Financial Report: We have completed our third quarter with every division in a positive variance position from budget. Gross Income, Wages, Payroll Taxes & Benefits, Repairs & Maintenance and General Operating Expenses all ended September 30, 2016 well within budget. Utilities, however, ended the quarter $101,069 over […]