by Jan Ek
Financial Report:
We completed May within our operating and capital budget year-to-date. Again a reminder that our assessment income shows it is under budget year-to-date. However, it is a budget timing error that will level out over the summer. Each division has operated within its operating budget through May 31, 2014.
Cardholder Services:
Payments on past due assessments in May were at the monthly average for the past year. April billings went past due at a rate of 6.0%, which is increased from last month, but similar to March, is below the rate for last two years. March balances went 60 days past due at a rate of just 2.3%, following the direction from last month.
Total accounts receivables decreased by 4.9% in May. Since the beginning of the year total account receivables have decreased by 10% and over 60 day balances have decreased by 5.8%. Outstanding balances related to property transfers decreased by 9.5% in May and continue to represent 54% of all receivables due and past due balances. Offsetting to last month, the decrease in accounts receivables in May is most attributable to this decrease in property transfer balances.
Trustee sale notices on Sun City properties increased to 49 properties at the end of May. The number of properties owned by lending institutions decreased slightly to 70 this month, although there was turnover on specific properties.
Preservation and Improvement Fees collected in May totaled $587,500, which is $167,500 more than budget. Year-to-date PIF fees are $3,168,978, which is $1,305,978 over budget for the year.
Bowling Centers:
Bell Lanes has begun monthly summer No-Tap bowling tournaments which are held the last Sunday of each month and end the last Sunday of September with a Scotch Doubles tournament. All bowlers are welcome whether USBC certified or not.
On August 2, 2014, Bell Lanes will be hosting our first ever Baker format tournament; Baker format is an entirely different format than what bowlers are used to. The teams will consist of three people and all three people will bowl alternating frames in the same game. This should be a fun tournament and is open to all USBC certified bowlers.
Join us for Fun Day Fridays at Lakeview Lanes at 12 noon! Cost is $10 per person. Bowlers shoot at colored pins for cash and prizes. Around forty bowlers per week have been enjoying this great event!
Human Resources:
HR is holding the 2nd quarter 401(k) enrollment meeting this week. Since enrolling the returning golf maintenance staff and other newly eligible staff into the plan on January 1 and the recent fund performance, total plan assets have increased from $972,000 to $1,030,250.
We continue to add new staff to our team. With preparation for re-opening North Golf Course, we are recruiting for additional greens workers. As budgeted for 2014, we have added a plumber to our Skilled Trades staff and are currently recruiting for a Facilities Attendant Supervisor. Current RCSC employees receive first consideration for all open positions.
Member Services:
Get ready to celebrate the 4th of July in traditional Sun City style with the 36th Annual Ring That Bell Ceremony at the Bell Center at 9am. Uncle Sam will once again serve as the Master of Ceremonies and there will be a special appearance this year from Rosie the Riveters, with members of the Board reading the Declaration of Independence and a song by Lowell & Deanne Bassett, performers from our Sun City Talent Search. Immediately following the ceremony join us for our 2nd annual Fourth of July BBQ at Bell Center. There will be free bowling, billiards, shuffleboard, dancing, games and complimentary cake. Enjoy a BBQ lunch for $5 per person. Come celebrate with us in the cool indoors.
On July 23rd we welcome the Ricochet Radio Ranglers Show. This is a free show to RCSC Cardholders and their invited guests at the Sundial Auditorium @ 7pm. The Ranglers will bring back memories of the Golden Age of Radio right before your eyes.
Don’t miss Chance Tinder & Kentucky Rain, a country music salute to Elvis Presley. This performance is Wednesday, August 13th @ 7pm at the Sundial. Tickets are on sale now at the Lakeview Club Office, $13 for RCSC cardholders and $15 for non-cardholders.
Come and enjoy a hot summer evening with friends and neighbors Mountain View poolside on Saturday, August 16th at 7pm. Join us for this Ice Cream Social provided by Cold Stone Creamery and a Dive-In Movie, Moneyball, starring Brad Pitt.
Our last free concert of the summer on Wednesday, September 10th at 7pm is Tom Tayback and the Daddy O’s 50’s & 60’s Graffiti Gold Show! If you’re a fan of the Golden Oldies, you’ll love this authentic blast from the past!
Join us on Saturday, September 20th for our first annual “Casino Night”. There will be Craps, Roulette, Blackjack, Poker, Pai Gow and Let it Ride games. Gourmet food trucks will be on site 1½ hours before doors open. This is a free event for RCSC Cardholders at the Sundial Auditorium from 4:30pm to 7:30 pm.
Kicking off our Fall Sun Bowl Series on Sunday, September 28th at 7pm and back by popular demand are Kevin Sterner and Strait Country. This critically-acclaimed George Strait tribute show has been selling out concert venues throughout southern Arizona for the past 5 years. This concert showcases hit after hit from an amazing 60 number ones and 83 top tens of this living legend, “The King of Country Music,” GEORGE STRAIT!
Entertainment contracts for the remainder of 2014 and the 2015 Spring/Summer Series have been negotiated and signed. Watch the SunViews and email blasts for more information.
General:
For those who may not be aware, the monthly management reports are available on our website www.sunaz.com under the Corporate 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! We have forms available at the table in the back so you can sign up before you leave today.