by Jan Ek
RCSC has ended August 31, 2018 within its operating and capital budget year to date. The golf division shows a deficit of $218k which is due to the fact that fertilizer, chemicals and pesticides used during overseeding was a budgeted expense in September but has already been purchased in August. Otherwise, all divisions have operated within their net operating budget year to date.
October will be a busy month for the Bowling Division. Every weekend has an event or tournament scheduled. The Sun City Bowling Hall of Fame will host their annual tournament at Lakeview Lanes on October 6, everyone is welcome to participate. Both RCSC bowling centers will host the Arizona State USBC Senior Championship Tournament on the weekends of October 20 and October 27. The USBC tournament is an unbudgeted tournament that will likely produce $8k to $9k in income. The USBC tournament will use both centers; therefore, lane availability will be limited during squad times. See the list of upcoming bowling tournaments and events in the weekly email “Your Sun City AZ Week” or view the list online at the www.suncityaz.org under the Bowling tab.
Signups for the annual New Year’s Eve Bowling Party at Lakeview Lanes will begin Wednesday November 5, 2018 at 9am. The party starts December 31, 2018 at 8:00pm with a potluck, bowling and prize drawing and the night will end with a champagne toast to the New Year. Everyone is welcome to the event even if you are not a bowler. Stop by Lakeview Lanes or Bell Lanes to reserve your spot as availability is limited.
Payments on past due assessments in August were 17.1% of past due balances. Overall accounts receivables decreased in August by 3.8%. The increase in 30 Day balances in July flowed into the Over 60 Day category in August, although at a lower rate. July assessments went 30 days past due at 6.2% rate and June assessments went 60 days past due at a 2.4% rate.
Payments from our third-party collections firm totaled just $2,060 in August. While August collections payments have seen decreases, this year’s payments are the lowest monthly total in the past three years. Payments made in August by Cardholders through the online RCSC Web Portal totaled $101,553 from 229 property owners. Year to date web portal payments total $983,038 from 2,151 property owners.
In August, property transfer balances decreased by 3.6% and lender related balances remained relatively unchanged with a 1.1% increase. Outstanding balances related to property transfers represent 55% of all receivables and 56% of past due balances. At the end of August trustee sale notices on Sun City AZ properties ended at 40 and properties owned by lending institutions at 4.
The first of our fall series of CPR, AED and First Aid training classes was held last week with seven RCSC employees in attendance. Additional classes are schedule for October 5 and October 12. Participants who complete the class and pass hands-on testing receive a two year certification card. The presenting instructor is certified through the American Health & Safety Institute and is employed by the Sun City Fire Department. Classes are offered in the spring and fall of each year.
We have begun the process of reviewing RCSC’s employee benefits program for the January 1, 2019 renewal date. We expect to receive renewal information from the insurance carriers who provide medical, dental, life, short and long term disability and the 125 medical reimbursement plan in early October. Open enrollment meetings are scheduled for November 8 and 9 to present the information to employees and allow for any coverage changes they wish to make for the new plan year.
Casino Night was held Saturday, September 15. What a fun filled event! Plenty of prizes were given away throughout the night including four trips awarded to the “high rollers” of the evening.
The Sun Bowl fall series began Sunday, September 23 with Johnny K and Kompany. Due to predicted warm temperatures the concert was moved to the Sundial Auditorium. A dance area is now provided for the Sun Bowl shows moved. The following Sunday, September 30th we return to the Sun Bowl, weather permitting, and welcome Kevin Sterner and Strait Country.
Due to unforeseen circumstances the Intertribal Indian Market featuring Micki Free and the Indigenous Enterprise Dancers scheduled for Friday, October 12 and Saturday, October 13 has been postponed until fall of 2019.
For those who may not be aware, the monthly management reports are available on our website www.suncityaz.org under the RCSC tab. Also, if you have not done so already, please sign up on the RCSC email list where you can designate topics of interest and stay in the loop with RCSC News Alert Emails!