Financial Results

SCG SEPTEMBER 2022 FINANCIAL RESULTS

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Sep-22 Sep-22 Variance YTD YTD Variance Forecast Budget Variance ASSOCIATION Actual Budget Fav/(Unfav) Actual Budget Fav/(Unfav) CY22 CY22 Fav/(Unfav)

Annual Assessments 1,331,287 1,330,159 1,128 12,993,612 12,989,758 3,854 16,963,989 16,960,135 3,854 Less: Reserves 262,500 262,500 - 3,323,000 3,323,000 - 4,100,000 4,100,000 -

Net Assessments $ 1,068,787 $ 1,067,659 1,128$ $ 9,670,612 $ 9,666,758 3,854$ 12,863,989$ 12,860,135$ 3,854$

Fitness & Activities 33,159 26,815 6,344 734,298 396,719 337,579 866,176 528,598 337,579

Grand Lifestyles Rent

9,134 6,040 3,094 85,145 73,405 11,741 103,240 91,500 11,741 29,355 53,526 (24,172) 266,812 277,324 (10,512) 466,780 477,292 (10,512) Membership Fees 41,698 34,611 7,087 491,643 479,579 12,064 589,637 577,573 12,064

Recreation Revenue 113,346 120,992 (7,647) 1,577,898 1,227,027 350,871 2,025,834 1,674,962 350,871

Annual Pass Flex Pass Resident Daily Guest Public Merchandise Driving Range

Golf Revenue

136,424 135,678 746 1,608,097 1,582,034 26,063 2,156,522 2,130,459 26,063

- - -

235,732 208,459 27,273 342,418 315,145 27,273 106,753 130,227 (23,474) 3,451,170 3,260,123 191,047 4,369,047 4,177,999 191,047 31,916 19,008 12,908 809,756 585,822 223,934 949,208 725,274 223,934 63,926 10,000 53,926 259,589 60,000 199,589 259,589 60,000 199,589 30,610 24,296 6,314 624,367 574,726 49,641 786,330 736,689 49,641 13,623 12,125 1,497 215,309 206,246 9,063 286,963 277,900 9,063

383,252 331,334 51,918 7,204,020 6,477,409 726,611 9,150,077 8,423,466 726,611

Other Revenue

14,198 5,794 8,404 275,669 1,245,155 (969,486) 504,986 1,474,472 (969,486) Interest Income 11,594 6,000 5,594 70,738 46,447 24,291 88,738 64,447 24,291

TOTAL REVENUE 1,591,176 1,531,779 59,396 18,798,938 18,662,797 136,141 24,633,623 24,497,482 136,141

Cost of Sales 41,572 33,747 (7,825) 869,027 670,289 (198,738) 1,063,433 864,694 (198,738) GROSS PROFIT 1,549,604 1,498,033 51,571 17,929,910 17,992,508 (62,597) 23,570,191 23,632,788 (62,597)

Payroll Utilities Repairs & Maint Insurance 892,569 902,154 9,585 7,973,783 8,252,699 278,915 10,749,515 11,028,430 278,915 195,634 206,393 10,758 1,553,647 1,452,678 (100,969) 1,914,204 1,813,234 (100,969) 106,678 79,725 (26,953) 690,516 626,111 (64,405) 912,391 847,986 (64,405) 70,300 71,610 1,310 623,805 624,960 1,155 838,635 839,790 1,155

Professional Fees Food / Beverage

35,561 25,000 (10,561) 281,494 260,575 (20,919) 350,494 329,575 (20,919) 83,211 - (83,211) 437,354 159,719 (277,635) 437,354 159,719 (277,635) Landscaping 190,070 190,794 724 1,710,630 1,717,146 6,516 2,283,012 2,289,528 6,516 Operating Expense 452,766 567,511 114,745 3,961,944 3,534,278 (427,667) 5,622,815 5,195,148 (427,667)

TOTAL EXPENSES 2,026,790 2,043,187 16,397 17,233,174 16,628,165 (605,009) 23,108,419 22,503,410 (605,009)

SURPLUS/(DEFICIT) - Before Projects $ (477,186) $ (545,154) $ 67,968 $ 696,737 $ 1,364,343 $ (667,606) $ 461,772 $ 1,129,378 $ (667,606)

Retained Earnings Sep-22 Sep-22 Variance YTD YTD Variance Forecast Budget Variance Projects Actual Budget Fav/(Unfav) Actual Budget Fav/(Unfav) CY22 CY22 Fav/(Unfav)

Falls Small Wares - - 220,000 220,000 220,000 220,000 Turf Reduction 1,454 (1,454) 48,093 800,000 751,907 400,000 800,000 400,000 Reserve Transfer - - - 200,000 (200,000) Forward Tees - 455,899 (455,899) 455,899 (455,899) Space Study 24,250 (24,250) 89,240 (89,240) 110,000 (110,000) Trash Receptacles - 9,891 (9,891) 9,891 (9,891) Admin Files Imaging - - - 48,000 (48,000) Monsoon Damage 81,075 (81,075) 81,075 (81,075) 81,075 (81,075) Fountain Removal - - - 16,000 (16,000)

SUB TOTAL $ 106,779 $ - $ (106,779) $ 684,198 $ 1,020,000 $ 335,802 $ 1,540,865 $ 1,020,000 $ (520,865)

SURPLUS/(DEFICIT) $ (583,965) $ (545,154) $ (38,812) $ 12,539 $ 344,343 $ (331,805) (1,079,093)$ $ 109,378 (1,188,471)$

ROUNDS OF GOLF 11,906 11,539 367 159,023 149,340 9,683 201,683 192,000 9,683

RESERVE FUND Sep-22 CARE FUND YIELD Balance 1.30% $ 22,516,844 Total Sep-22 STAFFING Sep-22 Sep-22 Variance YIELD Balance 1.35% $ 6,456,185 Total Actual Budget Fav/(Unfav) 281 287 (6)

SEPTEMBER 8, 2022

BOARD OF DIRECTORS' MEETING

The Board of Directors accepted the Consent Agenda items as submitted:

A. July 28, 2022 Board Workshop minutes B. August 11, 2022 Board Meeting minutes and resolutions C. Purchase Request 22-5572-RF –

Grand Café – Replaced sandwich prep refrigerator in the amount not to exceed $4,166. (Complete) D. Appointment of Christine Nylen as

Neighborhood Representative for the Tranquil neighborhood; n The Board of Directors approved the Sun City Grand Community Association Alcohol Policy as submitted; n The Board of Directors approved the change of use of the common ground between the Tennis Courts and in front of the dog parks to a Community Garden.

Furthermore, instruct staff to investigate design, costs and zoning requirements; n The Board of Directors approved

Purchase Request 22-538-RF –

Replace (64) Softball Stadium

Seats/Backs in the amount not to exceed $20,000; n The Board of Directors approved

Purchase Request 22-2902-RF – Desert Springs Golf Maintenance – Replace #2 Aerified (Soil

Reliever) in the amount not to exceed $41,200; n The Board of Directors approved

Purchase Request 22-7646-RF – Granite Falls South – Replace

Weather Station in the amount not to exceed $17,000, and

Purchase Request 22-8646-RF – Cimarron Golf Maintenance -

Replace Weather Station in the amount not to exceed $17,000; n The Board of Directors approved

Purchase Request 22-8942-RF – Cimarron Golf Maintenance -

Replace 72” JD Mower Deck in the amount not to exceed $9,750; n The Board of Directors approved

Purchase Request 22-7860-RF –

Granite Falls Golf Maintenance – Replace (1) Hotsy pressure washer in the amount not to exceed $4,630; n The Board of Directors approved the adjusted construction budget of The Falls Restaurant of $4.978

Million; n The Board of Directors approved

Purchase Request 22-009-OP –

Remove areas of turf and installation of new Artificial Turf,

Granite, Plants and Trees in the amount not to exceed $180,300; n The Board of Directors approved

Purchase Request 22-010-OP –

Removal of the Village Center

Mountain Fountain water f eature in the amount not to exceed $16,000.

PRESIDENT Bob Aiken

Aiken4grand@gmail.com

VICE PRESIDENT René Mitchell

Rene4grand@gmail.com

SECRETARY Carol White

Carol4grand@gmail.com

TREASURER Alan Meyer

Grandameyer@aol.com

BOARD MEMBER Tony Spata

Tony4grand@gmail.com

BOARD MEMBER Christine Gibson

Gibson4grand@gmail.com

BOARD MEMBER Robert Towe

Towe4grand@gmail.com

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