| SUN LAKES LIFESTYLES | APRIL 2025 | 5
TREASURER'S REPORT: JANUARY 2025 FINANCIAL STATEMENTS
The Association had a net surplus (income exceeded expenses) in
January of $141,952 (see table below).
At the end of January, the balance in the Operating Fund checking
account was $593,931. On that same date the Association had
outstanding bills of $1,086,884. If accounts receivable and cash are
combined cash and receivables exceed outstanding bills by $8,657
(see the graphic below). Outstanding bills at the end of January
included $613,800 owed to FirstService Residential, most of which
is unpaid reimbursement for payroll.
The restaurant and lounge had a loss in January of $85,752 which
is $48,612 worse than the January budgeted loss. The golf course
operations had a loss in January of $86,744 which better than the
budget by $41,587.
On Feb. 26 the Association signed a contract for management
of Food and Beverage operations with Morrison Management,
a division of CCL Hospitality Group. CCL is one of the largest
hospitality companies in the world. Signing of the contract with CCL
ended a long process of issuing a request for proposals, interviews
and due diligence by a subcommittee of the Master Board. Please
come out and give our new Food & Beverage partner a try at one of
our beautiful food & beverage venues.
Please email me with any questions at gary.burkel@sunlakescc.
com. ~ Gary Burkel, SLCC Treasurer, CPA-Retired
