Business Activities:
How is your money working for you?
Following the parameters set forth in our Banking Operating Policy, the Association has transferred just shy of ½ M into the Fidelity MM account over the past two months. These funds are currently earning an annual yield of 3.71%. In total, there is currently over 1.2M combined between Fidelity and Charles Schwab that is earning interest to assist the membership with passive income.
Our next investment coming to maturity is a $70K CD on May 28th. Whereas the Association has now utilized both Money Markets and Non-Callable CD’s we are now looking to broaden and diversify our portfolio with stable and low risk investments. As such, we have been reviewing our own assets, their potential revenue streams, and/or the expansion of property to aid in long-term appreciation. The management team and your Board of Directors are ever cognizant of and are working diligently knowing that to preserve we must have reserves.
As such:
The year-to-date financials finds that at the close of April:
- Gross Profits are better than budgeted, closing at just over $1.39M or 122.45%.
- Expenses for daily operations are at $631,671.45 or under budgetary forecasts by 2.24%.
- This then makes our Net Operating Income, prior to depreciation, a total of $760,759.15 or 54.93%% better than budget.
- The YTD cash assets as of the 3/31/2026 Balance Sheet total $1,684,977.18
- The summary of the financials are available on the SVRA website and detailed copies are always available by request at the Association Office.
Budget vs. Actuals:
As of today, there are some key areas that are propelling us forward in 2026. The Recreational Use fee, that was instituted back in 2025, has brought in $74,5000 due to home and property sales thus far in 2026. With an estimated $90K budget, I am confident we will accomplish this goal. Heather and I had a had a conversation the other day where she had a fabulous analogy; the Recreational Use fee is like screening our calls, all new property owners immediately become attuned to the heart of Star Valley Ranch, which as we know is, a recreational community.
As George touted, the Golf aspect of our business has far surpassed what is considered normal for this time of year. With a March 21st opening day, golf operations income is $105K better than budgeted.
Collections:
April 1st is considered the threshold for overdue annual balances. As of now, we have collected roughly $16K of the 2026 grouping of outstanding balances and have just over $49K that is slated for collection efforts by way of legal counsel. Should efforts proceed without payment, properties will see liens placed and potential foreclosures.
In closing:
Though our welcome back party was last weekend, and I might add a smashing success put on by Nick and his team; I’d like to personally say, that it is so good to see you all. I am eager work alongside this amazing team towards another successful season and Having you here, seeing your smiles and laughing with you is why we do what we do.