| SUN LAKES LIFESTYLES | SEPTEMBER 2024 | 7
TREASURER'S REPORT: JUNE 2024 FINANCIAL STATEMENTS
The Association had a net surplus (income exceeded expenses)
in June of $93,171 and a year-to-date surplus of $104,853 (see table
below).
At the end of June, the balance in the Operating Fund checking
account was $556,674. On that same date the Association had
outstanding bills of $1,398,457. If accounts receivable (primarily
amounts due from members house accounts) and cash are combined
cash and receivables exceed outstanding bills by $41,996 (see
the graphic below). Outstanding bills at the end of June included
$665,411 owed to FirstService Residential.
The Restaurant & Lounge had a loss in June of $14,529 which is
$16,455 less than the June budgeted loss. The reduction in the loss
in Restaurant & Lounge is expected because the Lounge is closed for
renovation and expected to reopen at the end of September. Year-
to-date the Restaurant & Lounge has exceeded its budgeted loss by
$213,142. Golf course operations, on the other hand, has performed
better than budget by $186,871 through the end of June.
On a sad note, our Director of Golf, Brian Garlington is leaving
Sun Lakes. We all miss Brian and wish him well in his future
endeavors.
Please email me with any questions at gary.burkel@sunlakescc.
com. ~ Gary Burkel, SLCC Treasurer, CPA-Retired
