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Sun Lakes Lifestyles November 2025

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4 | SUN LAKES LIFESTYLES | NOVEMBER 2025 | TREASURER'S REPORT: AUGUST 2025 FINANCIAL STATEMENTS e Association had a net loss (expenses exceeded income) in August of $106,447 and a year-to-date (YTD) net surplus of $99,374. e $99,374 YTD surplus exceeds the budgeted loss by $251,187 (see table below). At the end of August, the Association had cash of $2,900,634 in the Operating Fund. On that same date, the Association had outstanding bills of $2,251,864. If cash and accounts receivable are combined cash and receivables exceeded outstanding bills by $774,196 (see the graphic below). Outstanding bills at the end of August included $639,659 owed to FirstService Residential, most of which is unpaid reimbursement for payroll. In addition to the Operating Fund the Association has two restricted funds, the Repair & Replacement Fund and the Capital Improvement Fund. At the end of August, the Association had cash of $12,701,734 in the Reserve Fund and $1,122,884 in the Capital fund. On April 1, Morrison Management (A division of CCL Hospitality Group, CCL) assumed control of all Food & Beverage operations. e following is a summary of Food & Beverage results of operations for August: Food & Beverage has a year-to-date loss of $787,179 which is $356,485 over budget. Please email me with any questions gary.burkel@sunlakescc. com. ~ Gary Burkel, SLCC Treasurer, CPA-Retired

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