FINANCE: Financials: The Recreation Centers of Sun City, Inc. (RCSC) ended July within its operating and capital budget year to date. All Divisions except Food & Beverage have met or exceeded their net operating budget projections year to date. Food & Beverage is ($76.4k) unfavorable year to date due to […]
Management Report – August 2023
Treasurer’s Report – August 2023
The balance of unrestricted funds as of July 31, 2023, was $19.9 million which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of July 31, 2023, PIF had a balance of $31.7 million. The Capital Reserve Fund had […]
Summer Weed Eradication
From the Golf Grounds Crew An Update on Summer Weed Eradication RCSC Golfers/Members, This communication is in regard to the many comments we have received about the summer weed encroachment on our golf courses. We wanted to proactively update you on our ongoing efforts to resolve this issue. There have […]
Treasurer’s Report – July 2023 & Investment Report: Second Quarter 2023
The balance of unrestricted funds as of June 30, 2023, was $20.8 million, which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of June 30, 2023, PIF had a balance of $31.6 million and the Capital Reserve Fund […]
Water Begins Trip Back to Viewpoint Lake
Water began its trip back into Viewpoint Lake on Friday morning, slowly meandering around a small portion of the Lakes West Golf Course under the watchful eyes of morning golfers, before bursting into the first completed phase of the lake. The rising water in the first, deepest, completed phase of […]
Strategic Alternatives Committee Meeting Update – 7/14/2023
Continuing Phase 3 of the SAC Agenda, “Exploring Alternatives,” the meeting of July 14 concentrated on presentations given by a Member of the community, a member of the Committee, and two Board members. The following is a summary of the presentations and reflects the opinions of the presenters for informational […]
Strategic Alternatives Committee Meeting Update – 7/7/2023
Continuing Phase 3 of the SAC Agenda, “Exploring Alternatives,” the meeting of July 7th concentrated on presentations given by Committee Members. The following is a summary of the presentations and reflect the opinions of the presenters for informational purposes: Norm Dickson, a previous RCSC Board president, began his presentation with […]
Management Report – July 2023
FINANCE: Financials: The Recreation Centers of Sun City, Inc. (RCSC) ended June within its operating and capital budget year to date. All Divisions except Food & Beverage have met or exceeded their net operating budget projections year to date. Food & Beverage is ($85.4k) unfavorable year to date due to […]
Treasurer’s Report – July 2023
The balance of unrestricted funds as of June 30, 2023, was $20.8 million which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of June 30, 2023, PIF had a balance of $31.5 million. The Capital Reserve Fund had […]
Bell Parking Lot Project – 7/12** to 8/5
RCSC Members/Cardholders are advised that the Bell Center Parking Lot will be resurfaced starting on Monday, July 17. This work will be done in 2-day phases and weather could cause delays. Updates will be posted regularly should the schedule need to be revised and crews will be working six days […]