GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 11/21/2019
Account Statements: All bank accounts have been reconciled for October without discrepancy.
2009 Lawsuit through 2016: 16 Lots unpaid (0.79%).
2017 Assessment Status: 1992 Lots (98.81%) paid in full.
2018 Assessment Status: 1982 Lots (98.31%) paid in full.
2019 Assessment Status: 1929 Lots (95.68%) paid in full.
An overview of SVRA Financials finds the October Gross Profit at .63% below budgeted levels and Total Expense 2.85% below budget resulting in year-to-date Net ordinary income prior to depreciation at 105.48% of budgeted levels. The YTD cash assets (10/31/2019 Balance Sheet) Total $694,830.36. The summary of the financials are, as always, available on the SVRA website.
Through our foreclosure process one lot was auctioned off on November 19th, due to non-payment of assessments.
Cedar Creek Center: Since the September Board meeting we have spent $170,116.28 of loan funds on the Cedar Creek Center.
Capital Campaign: A capital campaign has begun for the Cedar Creek Center. To date we have received $84,210.00. Capital Campaign Funds spent to date total $7,533.79. Funds have been spent on office furniture, landscaping, televisions, and restaurant furniture. All funds spent from this account will be reported on at a Board meeting.
Family/Individual donations of $500.00 or more will be recognized on the “Valley of Stars” wall inside the Cedar Creek Center. Business/Corporate sponsors will also be recognized for donations of $1,000.00 or more. If you are interested in making a donation contact the SVRA admin office or George Toolson (307) 883-7717.
DCC&R Compliance: We currently have 2 lots we have turned over to our attorneys. The attorneys are working on motions to show cause.
Trish Smith is the newest full-time, year-round employee at SVRA. Trish joined the team in September. She continues to learn the ins and outs of her new position. Her experience with Customer Service and Marketing, have already proved Trish as a great addition to our team.
Heather Bigelow, joined the SVRA team in June. She started as the Member Services Coordinator and willingly moved to the bookkeeping position. Her attention to detail and commitment to go above and beyond for all things SVRA is greatly appreciated.
This year Ben Whalen provided countless hours of lessons and clinics. This summer, Ben and his staff provided exceptional customer service, increasing the SVRA value and experience.
Kurt Richmond and his staff continue to raise the quality of golf we provide at SVRA, while keeping under budget.
Thanks to the maintenance crew and pro shop staff we continue to provide the best golf in Star Valley.
Ernie Bigelow continues as the SVRA employee with the most seniority with over 19 years. 19 years of hard work, dedication, he is invaluable! If there is something that needs fixing, adjusting, or looked at, chances are Ernie knows where to start and how to complete the task under budget and on time.
The high quality, low price of everything we are able to provide to our members is due to our outstanding staff, their hard work, dedication and expertise. If you see a member of the SVRA staff, please let them know how much they are appreciated.
All winter activity will be incorporated into a brochure. This brochure has become part of the educational dialogue with all winter activity participants and re-emphasized with snowmobiles permit purchases.
For the winter of 2019-20 we will continue to groom 18 holes at Cedar Creek for snowshoeing and cross-country skiing. We are looking at the possibility of grooming Cedar Creek #1 or #9 for sledding. This will allow for the parking lot on Vista East to remain unplowed. We are hoping this will prevent the accidents caused by the slippery hill. Grooming will only be done as weather and staffing allows. There will be no set schedule for grooming.
Snowmobiling on SVRA property will be allowed once we have enough snow and a good base develops. We will announce the opening of the courses to snowmobiles on the marquees, in SVRA emails and on the SVRA Facebook page.
Snowmobiles will be allowed on both courses as always, but will be encouraged to refrain from driving on the groomed trails, with the exception of directly crossing a trail. Snowmobile permits are available at the SVRA office during normal business hours. If the courses are open to snowmobiles during the holidays we will have a phone number to call and purchase permits during the holiday break (December 23rd-January 5th).
Once weather permits, we will install and maintain the ice skating rink on the basketball court at Cedar Creek Park. This too will be cleaned and maintained as weather and staffing allow. It will not be cleaned or maintained during the holiday break.