FINANCE: Financials: The Recreation Centers of Sun City, Inc. (RCSC) ended March within its operating and capital budget year to date. All Divisions except Bowling and Food & Beverage have met or exceeded their net operating budget projections year to date. Bowling was ($14.8k) unfavorable to budget due to the […]
Management Report – April 2024
Treasurer’s Report – April 2024
The balance of unrestricted funds as of March 31, 2024, was $20.6 million, which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of March 31, 2024, PIF had a balance of $33.5 million and the Capital Reserve Fund […]
Update Regarding MCLD Sun City Libraries from the RCSC Board
FOR IMMEDIATE RELEASE April 17, 2024 The RCSC Board would like to report that we are making progress defining the terms of a five-year lease agreement with Maricopa County Library District (MCLD), which would replace the current five-year lease (2019-2024) that expires on June 30. In a meeting including MCLD […]
Exchange Meeting Follow-up Statement
FOR IMMEDIATE RELEASE April 11, 2024 As shared at the Exchange meeting on April 8 and according to the normal pattern of Board oversight, the RCSC Board met on Wednesday afternoon for a follow-up discussion on topics brought forward by the Membership, which this month centered almost exclusively around the […]
Management Report – March 2024
FINANCE/SUPPORT Financials: The Recreation Centers of Sun City, Inc. (RCSC) ended February within its operating and capital budget year to date. All Divisions except Bowling, Golf, and Food & Beverage have met or exceeded their net operating budget projections year to date. Bowling was ($9.3k) unfavorable to budget due to […]
Treasurer’s Report – March 2024
The balance of unrestricted funds as of February 29, 2024, was $19.6 million which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of February 29, 2024, PIF had a balance of $33.0 million, and the Capital Reserve Fund […]
VENUE/LOCATION CHANGE for Easter Sunday, March 31, 2024
All Activities on Easter Sunday (March 31, 2024) will be held at the Sundial Recreation Center.
Celebrate Easter at the Sun Bowl – March 30-31
FOR IMMEDIATE RELEASE The Recreation Centers of Sun City invites RCSC Members/Cardholders and their escorted guests to come to the Sun Bowl on Saturday, March 30, 2024, from 9am to 11am for the annual Easter Egg hunt. There will be plenty of fun for everyone – eggs, candy, sweets and […]
Management Report – February 2024
SUPPORT/FINANCE Financials: RCSC ended January within its operating and capital budget year to date. All Divisions except Golf have met or exceeded their net operating budget projections year to date. Golf was ($22.2k) unfavorable due to Public and Guest Greens fees being ($32.8k) and ($17.5k) under budget, respectively. Operating income […]
Treasurer’s Report – February 2024
The balance of unrestricted funds as of January 31, 2024, was $19.0 million which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of January 31, 2024, PIF had a balance of $33.5 million, and the Capital Reserve Fund […]