IT’S YOUR MONEY!!
KEY FINANCIAL INFORMATION FROM THE SUN CITY
Fiscal Golf Course Food & Bev. Total
Year Operations Operations
2004 (404,446) (444,113) (848,559)
2005 (943,195) (185,935)* (1,129,130)
2006 (1,236,368) (28,688)* (1,265,056)
2007 (1,443,351) (52,625)* (1,495,976)
2008 (1,561,479) (71,197)* (1,632,676)
2009 (2,028,136) (102,940)* (2,131,076)
Total (7,616,975) (885,498)** (8,502,473)
*Approx. $130,000 per year received for Lease Rent Income for a
Gaming Operation has been credited to the F & B since 2005.
This reduces the losses from the F&B over this 5 year* period
by 5 times $130,000 = $650,000.
** Real losses from the F&B over this 6 year is $650,000 more than
the amount shown as $885,498.
Thus, the Total losses are:
Total losses, Golf + F&B over 6 years = $8,502,473 + $650,000
= $9,152,473
The losses since 2004 through 2009 (6 yrs) have grown over 250%,
and are still growing.
At this rate, 6 yrs from now, the losses will be $5,327,690 per year.
That is $685 per member per year. This of course will be a part of
your Annual Dues which are currently scheduled to increase each
year by an additional over $50.
THE CURRENT BOARD OF DIRECTORS DOES
NOT HAVE A BUSINESS PLAN TO BRING THESE
LOSSES UNDER CONTROL. IT’S YOUR MONEY!!
Think about this when you vote for 5 Directors.
VOTE FOR COMMON SENSE CANDIDATES:
KRAMZAR, ROBEY, SCHAEFER, & SILVER.
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