Sun City West sees positive revenue during first half of year
Adjustments benefit association
After half of the fiscal year has passed, the Recreation Centers of Sun City West has positive revenues in the books.
Pete Finelli, Recreation Centers of Sun City West chief financial officer, provided mid-year financials to Sun City West residents during the virtual general manager mid-year review. The total revenues were more than half a million dollars.
The mid-year financials saw revenue of $17,000 for membership, $285,000 in golf course fees, $101,000 for bowling, $88,000 in ancillary revenue, $40,000 for food and beverage and $4,000 in other income. That totals $535,000.
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After half of the fiscal year has passed, the Recreation Centers of Sun City West has positive revenues in the books.
Pete Finelli, Recreation Centers of Sun City West chief financial officer, provided mid-year financials to Sun City West residents during the virtual general manager mid-year review. The total revenues were more than half a million dollars.
The mid-year financials saw revenue of $17,000 for membership, $285,000 in golf course fees, $101,000 for bowling, $88,000 in ancillary revenue, $40,000 for food and beverage and $4,000 in other income. That totals $535,000.
The year to date expenses, according to Finelli, are favorable to the budget by about $284,000 despite the impact by the increase to the price of rye grass seed. For capital-related expenses versus budget through November 2021, the most notable category is Asset Preservation Fee at $476,000 through the elevated sale of homes. The total capital-related variance is about $237,000.
Looking ahead to the 2022-23 proposed capital projects more than $50,000, committees and the board will likely have more refinements.
The Budget and Finance Committee will see the first formal presentation 9 a.m., Thursday, Feb. 24 and then the governing board will hear the presentation on the operating and capital budget review 9 a.m., Friday, April 8. Community forums are scheduled Wednesday, April 13 and Thursday, April 14. The final capital budgets will go before the Recreation Center of Sun City West governing board for final approval Thursday, May 26.
The entire year of 2021 brought on several challenges and Bill Schwind, Recreation Center of Sun City West general manager, expressed gratitude to all the staff working at this time. The golf pro shop staff, facility assistants, player assistant, starters, operations and golf pros received high recognition from association officials.
“Over the last year there were close to 30,000 rounds of golf played, which is more than we have budgeted for and is a reflection of the courses and staff working out there,” Schwind explained.
Association officials went back to the governing board requesting additional funding at $275,000 for grass seed as prices rose due to drought conditions and shortages, which Schwind said has been recovered. However, pricing and cost of materials as well as labor contracts have all been impacted by the pandemic and he said the goal for association officials is recovery. At this point, Schwind said it appears the Employee Retention Credit is something association administration is eligible for.
Other updates
Grandview Golf Course, 14260 W. Meeker Blvd., sprinkler system is pushing 40 years old and needs replacement and enhancements, including lake shore improvements, enlarged practice green, new carts and range balls. Rec center officials continue to work with chartered clubs to ensure regulations within the Internal Revenue Service are adhered to. They are revising regulations and policies and procedures to help with compliance and remain as social clubs and hobby shops.
At this point 21 of 34 approved projects are completed for the Recreation Centers of Sun City West and 10 budgeted projects begin this month and will run through June 2022.
“The metal shop is entirely on our property and no longer sharing easements,” Schwind said regarding the metal shop project.
The master plan continues to move forward with a separate consultant meeting with community members Thursday, Feb. 3.
Reach reporter Jennifer Jimunez at jjimenez@iniusa.org.
In 2020, Jennifer Jimenez began working for Independent Newsmedia, Inc., USA. She began her career as a sports reporter in Peoria and Glendale, covering the very same schools she used to compete at. During this time, she also worked for television news, magazines and sports radio stations.
Community: Jennifer is a member of the Hall of Fame at Peoria High School where she graduated in 2001, alongside her father Joe Hernandez. She serves youth soccer players as a pro-trainer and coach.
Education: Grand Canyon University 2005 B.A. Liberal Arts
Ranom Fact: She has a street named after her in south Peoria “Jennifer Rose Court.”
Hobbies: Country dancing, coaching soccer, teaching private swim lessons and running are things she does for fun.
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