GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 04/16/2026
Business Activities:
On March 30th the Admin Department completed the transfer of funds, voted on last meeting, to internally correct the parent account for the Association in our Fidelity Banking. Our main Fidelity account now houses the Operating Money Market Funds.
With the passing of the Operating Funds and Bank Accounts Operating Policy this past November, the Admin team has now made the second reconciled monthly transfer from the Operating Checking Account at the BOSV to the Operating Money Market held in Fidelity. This transfer was in the amount of $153,758.49. On a monthly basis, the Checking Account will be reduced to a $250K threshold with any overages transferred to the Fidelity higher interest money market. Currently our YTD return is .73% which averages to annual yield from this time last year of 3.72% In total, the Association is now generating passive income of over $1M just within Fidelity.
Our next investment coming to maturity is the $70K CD held through our brokerage account at Charles Schwab. The Board has begun preliminary discussions as to keeping these funds liquid due to the most recent turbulent pricing. As the time for reinvestment at the end of May draws near, we will keep the membership apprised, reporting on the same at our next meeting.
The year-to-date financials finds that at the close of March:
- Gross Profits are better than budgeted, closing at just over $1.2M or 113.01%.
- Expenses for daily operations are at $358,101.46 or under budgetary forecasts by 2.52%.
- This then makes our Net Operating Income, prior to depreciation, a total of $886,425.63 or 20.79% better than budget.
- The YTD cash assets as of the 3/31/2026 Balance Sheet total $1,720,888.46
- The summary of the financials are available on the SVRA website and detailed copies are always available by request at the Association Office.
Collections: April 1st is considered the threshold for overdue annual balances. As of now, we have just over $65K that is slated for collection efforts by way of legal counsel. Should efforts proceed without payment, properties will see liens placed and potential foreclosures.
Budget vs. Actuals: Mother nature gave us a major jump start this year where income is concerned. The golf aspect of the business sits at over $179K which is in stark comparison to the $41,800 that was budgeted for this period. A few key areas contributing to the higher income, outside of our early March 21st opening, include the seasonal sponsorship program and the golf simulator rentals. I want to thank our Golf Pro Nick and our Pro Shop Manager Melissa for all their hard work.
Within the Administrative section, Star Valley Ranch remains a sought-after location garnering $33K in Recreational Use Fee which equates to 22 properties. This along with the earned banking interest continues to help aid and support the Association as a whole.
Capital Campaign – Cedar Creek Park:
On a fun note, the Association has been working with Outback Landscape to conceptualize our newly combined and rezoned common area for the Cedar Creek Park. After meeting onsite and again via video conference, the following renditions are the first drafts of what is possible. As you can see, we have taken into consideration many of the recommendations received from our membership for key amenities such as a larger pool area, splash pad, pickleball courts along with a bike and walking path. Our vision is to provide the membership with a common area that grows with our children. From infancy to adulthood, the current concept can be a meeting place for all our family’s needs. For better visualization, an architectural 3-D model will be prepared to showcase the future of the Cedar Creek Park once all finetuning of the plans has been completed. Now, we understand that a project of this magnitude will be completed in phases and will most certainly require financing. This is where you can help. Our hope is that for all those who call Star Valley Ranch home, you will aid us in donating towards this endeavor. In our weekly newsletter beginning tomorrow you will have the opportunity to donate towards the future of our park where all money will be held in a designated fund, only to be utilized on this project. We thank you for your patience in the process and look forward to sharing this new space with you.