4 | SUN LAKES LIFESTYLES | MARCH 2026 |
TREASURER'S REPORT
Per the Davis-Sterling Act, the Board members are required
to review on a monthly basis: Current reconciliation of the
operating and reserve accounts; Actual operating revenues
and expenses and compare them to the budget; Bank account
statements; Income and Expense Statements; Check Registers;
Monthly General Ledgers; and Delinquent Receivable reports.
Here are the highlights of this review for Dec. 31, 2025:
1. e Operating Accounts ended in December with $564,717
in cash and $1,477,566 in investment accounts for the Spectrum
money we received in July.
2. Accounts Payable, $2,061,287, of which $612,037 owed to FSR
and $989,859 to the city for water and power.
3. Reserve expenditures for 2025, $2,133,601; Reserve Fund
Balance $13,497,822
4. Capital Expenses for 2025, $96,274; Capital Fund Balance,
$1,035,723
5. Reserve Replenishment Revenue, $492,810 (representing est.
219 homes)
6. Interest on Investments, $395,599
7. Delinquent HOA Dues, $183,153
If you have any questions, please email me at maryjo.mcelwain@
sunlakescc.com. ~ Mary Jo McElwain
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