4 | SUN LAKES LIFESTYLES | JANUARY 2026 |
TREASURER'S REPORT
e Consolidated Department Summary on the website shows
a loss of ($56,731) for October. However, there was an adjusting
entry for payroll which wasn't captured and the result was our
payroll expenses were overstated by $98,234 which reduces our
losses to a net gain of $41,503. is journal entry error will be
corrected in November which will also skew the November
results.
OPERATING CASH FUND $ 2,005,810
RESERVE FUND ................$13,178,056
CAPITAL FUND ..................$ 1,053,748
OUTSTANDING BILLS .......$ 1,717,580
e FAC is continuing to review the general ledgers and
subledgers for any accounting issues.
If you have any questions, please email me at maryjo.mcelwain@
sunlakescc.com. ~ Mary Jo McElwain
