GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 9/15/2022
Account Statements: All bank accounts have been reconciled for August 2022 without discrepancy.
Assessments:
Assessment Status for 2021 and earlier: 1988 Lots (98.61%) paid in full.
2022 Assessment Status: 1910 Lots (94.74%) paid in full.
Business Activities: An overview of SVRA Financials finds the August YTD Gross Profit .5% above budgeted levels and Total Expense 3.8% below budget resulting in year-to-date Net ordinary income prior to depreciation at 7.8% ($45,639.12) better than budgeted levels. The YTD cash assets (8/31/2022 Balance Sheet) Total $1,330,058.66. The summary of the financials are, as always, available on the SVRA website.
Capital Campaign: The capital campaign continues for the Cedar Creek Center. To date we have received $144,109.08. Capital Campaign Funds spent to date total $115,445.95; leaving a balance of $28,663.13. We have not spent any funds since the August Board meeting.
DCC&R Compliance: We continue to work with our attorney and member on the one long term violation, and two properties that are required to correct modifications to the property that were not approved.
Swimming Pool: The pool is closed for the season
Golf: The courses are in great shape. Kurt and his staff have again outdone themselves. Fall maintenance has been completed on Aspen Hills & the back 9 holes. The front 9 will be done next week. We are providing $5 off greens fees at Cedar Creek through September 30th to make up for the less than desirable greens due to the maintenance.
I would like to welcome Alan & Stephanie McJunkin. They will serve as the Head Golf Professional and The Pro Shop Manager, each reporting to the General Manager. The Pro Shop staff has done an amazing job, jumping in and doing anything asked of them, during this difficult season. A big Thank You to Carol Woodward, Donna Thompson, & Diane Burr for running Golf Genius this year. The pro shop still has merchandise. Get out and enjoy YOUR courses!
Budget: We have started work on the 2023 operating budget. A draft copy will be sent to the Board for their review and input on or before October 7th. The budget will be presented at the Board meeting in November for final Board approval.
Misc. Update: We continue to prepare for the exercise room in the now Flex Room. All charter groups that have been using the room, have been given other options for their groups.
We continue to gather bids for the resurfacing of the Tennis Courts and directional signage. Work should be done in October for the temporary wall that will be placed where the current rotting railroad ties are in the parking lot. The Board is also starting work on major maintenance goals including repairing the Green Canyon water system.