| SUN LAKES LIFESTYLES | JULY 2025 | 5
TREASURER'S REPORT: FINANCIAL STATEMENTS
e Association had a net loss (expenses exceeded income)
in April of $63,790 and a year-to-date (YTD) net surplus of
$439,365. e $439,365 YTD surplus exceeds the budgeted
surplus by $237,908 (see table below).
At the end of April, the balance in the Operating Fund checking
account was $871,419. On that same date the Association had
outstanding bills of $1,507,317. If accounts receivable and cash
are combined outstanding bills exceeded cash and receivables
by $158,211 (see the graphic below). Outstanding bills at the end
of April included $509,273 owed to FirstService Residential,
most of which is unpaid reimbursement for payroll.
On April 1, Morrison Management (a division of CCL
Hospitality Group, CCL) assumed control of all Food & Beverage
operations. During the rst week in April CCL transitioned
former FirstService Residential Food & Beverage employees to
CCL, began training new kitchen and server sta, installing a
POS system and created new menus. On April 7, CCL reopened
F & B operations. e following is a summary of April Food &
Beverage operations for the three weeks ended April 30:
Please email me with any questions at gary.burkel@sunlakescc.
com. ~ Gary Burkel, SLCC Treasurer, CPA-Retired
