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| SUN LAKES LIFESTYLES | SEPTEMBER 2025 | 13 The GAC has nine members: one from each of the three Championship Course clubs (Women's Golf Club, Lady Niners, Men's Golf Club), three from the Executive Course clubs (Ladies Executive Golf Club, Executive Men's Golf Club, Saturday Morning Golf Group), and three At-Large members. Each club representative is selected by their club and authorized to make decisions for their members. At-Large members are chosen from resident homeowners who submit a volunteer interest form. GAC members receive a monthly update from staff on HOA activities and golf operations to share with their clubs. Representatives communicate information from their clubs regarding activities, concerns, and golf course playability. This exchange helps generate ideas for organizing events and solving issues across clubs. Member feedback about playability assists the GAC in recommending maintenance to the Master Board. Most maintenance suggestions involve sand traps, tee boxes, cart paths, and infrastructure. However, maintenance tasks like sand trap raking, rough cutting, clover treatment, and tree trimming — dependent on proper staffing — are equally important. While the GAC aims to ensure all golfers enjoy their rounds, we are equally dedicated to preserving the beauty and value of these assets for all homeowners. ~ Mike Callahan, callahm56@yahoo.com Golf Advisory The Davis-Sterling Act Civil Code 5500 BOARD REVIEW OF FINANCES REQUIRED According to this code: the Board is required to review on a monthly basis, a current reconciliation of the operating and reserve accounts; actual operating revenues and expenses compared to the current budget; bank account statements; income and expense statements for operating and reserves; check register; monthly general ledger; delinquent assessment receivable reports. In June there were 361 pages of data to review. The Finance Advisory Committee has the task of assisting the Board in complying with these requirements. With the addition of two new members of the FAC committee since May, we are intensifying our review of the monthly financials. For accuracy in reporting, schedules are being presented for the balance sheet accounts and calculations checked on the bank reconciliations. Each month our questions are presented to the FirstService (FSR) staff for clarification/explanation and or correction. In June, the FAC had a meeting with two of FSR accounting staff to review the procedures for payments, journal entries, closing procedures and who is involved and their roles. Our goal was to have a better understanding of the corporate structure and responsibility of the accuracy of our financials. Beginning Aug. 13, as listed on the Budget Schedule, we will have the budget that FSR has prepared for 2026. The goal of the FAC is to present a review of each account looking for trends, expected increases, labor costs, contract renewals, staffing requirements and reasonable revenue expectations. We then present our findings to the Board and FSR for their consideration. We're looking forward to the challenge. We are still accepting applications for FAC members. The qualifications are: accounting background, investment background, familiar with journal entries, general ledgers, and accruals. If you are interested please contact the FAC chairman or complete a volunteer interest form. ~ Mary Jo McElwain, FAC Chair Financial Advisory

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