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GVRNOW!
NOVEMBER 2021
GVRNOW! INCOME
EXPENSES
48.4% PERSONNEL NOVEMBER 2021 33% FACILITIES 11.8% CORPORATE & OPERATIONS 6.8% RECREATION PROGRAMS & COMMUNICATIONS
60.3% MEMBER DUES 31.7% MEMBERGVREC.ORG & NEW MEMBER FEES 4.7% RECREATION PROGRAMS 3.3% OTHER REVENUE
2021 FINANCIAL REPORT
Green Valley Recreation is, by no accident, projected to finish the fiscal year in a strong
position once again. Projected revenues for 2021 stand at $11,039,575, comparable to pre-Covid revenues. A brisk real estate market is the hero of that story. On the expense side, GVR’s 2021 expenses are projected to come in only $221,000 higher than in 2019, despite cost increases for insurance, personnel benefits, and many operational materials.
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Where does this money come from, and how does GVR use it?
INCOME
60.3% MEMBER DUES 31.7% MEMBER & NEW MEMBER FEES 4.7% RECREATION PROGRAMS 3.3% OTHER REVENUE
Breaking it down further:
EXPENSES
48.4% PERSONNEL 33% FACILITIES 11.8% CORPORATE & OPERATIONS PROGRAMS 6.8% RECREATION & COMMUNICATIONS
Member and new member fees include guest cards, tenant cards, and fees associated with real estate transactions: Initial Fees, Transfer fees and Property Acquisition Capital Fees that contribute to the facilities Maintenance, Repair, and Replacement (MR&R) fund. Other revenue includes interest on investments and cell tower lease proceeds. Personnel expenses include wages and associated taxes and benefits for 115 employees. Most employees work in the Facilities department (63 are expected for 2022, 45 of which will be full time.) Recreation Services comes in second with 31 staff slated Continued on p3