Yesterday, the Sun City board unanimously approved budgets for community wide operations and association reserves. Separately, budgets for each APN[Attached Product Neighborhoods] were also approved. Beginning January 2021, each of the 5481 Sun City homes will be assessed $129.00 per month. The assessment has two components. One-hundred and five dollars of the $129.00 is being budgeted for Operations and $24.00 for the Reserve fund. Sun city is an $8,000,000 not for profit business. Making life worth living. Three words are key to the annual budget chore; budget; operations; reserves.
A Budget is a management tool to anticipate expenses for the year and to anticipate where that money will come from to pay the expenses. Operations include dozens of items including but not limited to: wages, management fees; landscaping; waste and snow removal; utilities; insurance; legal; Lifestyle printing; housekeeping; maintenance; etc.
Reserves are “rainy day” funds set aside to replace anything the association owns and which has reached the end of its life expectancy: heating and air conditioning mechanicals ; furniture; carpet in; light bulbs…anything.
It may come as a surprise to some, but the Assessments alone DO NOT cover operation costs. It’s the assessments plus NON ASSESMENT revenue that combine to keep the Association fiscally sound. The NON ASSESMENT revenue includes: rental income from the Wellness Center and Golf Pro Shop; Jameson’s restaurant and catering operation; trips; expos, Lifestyle and Web advertising ; classes; and much more.
None of the community financial decisions occur without careful planning. Astute planning by management, the Board, and the finance committee, especially during the pandemic, combine to maintain assessments and expenses at a minimum.
Thanks to all who are involved.
Jim Darow
Sun City resident
I would like to offer a heartfelt thank you to the couple who ran over and stayed with me until they knew I was ok after a terrible fall by Eakins Field on November 17.
We were passing each other while out for a walk and as usual we socially distanced as we passed each other…I went on the grass. After passing each other I was attempting to return to the side walk.
I didn’t notice the sidewalk was nowhere near flush with the grass and I “face planted” into the sidewalk messing my face up big time. I ultimately went to immediate care and I’m glad to report no broken bones or brain bleed…just a bruised ego.
I didn’t get your names but thank you!!
Donald Calcagno
Sun City resident
ILLINOIS has higher rates of CIVID 19, than most states, we are #9. The population of ILLINOIS is approximately 3.5% of the population of The US, yet, IL in Nov accounts for 10% to 12% of the total cases in the US. From Nov 4 to Nov 24 there were 224,599 cases in IL. That is 11,379 a day average. Year to date IL is 5.4 % of the total in the US, Both the Governor and Lightfoot do little – NO PLAN but useless talk, No action. The people are Not fooled, As they say, figures do not lie. I know -blame Trump – for everything – Our governor and mayor have yet to take responsibility for anything. Second point, they Do know how to spend our tax dollars on friends and family .YOU AND I NOTHING -Maybe we will get a Jewel card. After7 months – THOUSANDS – still waiting for unemployment checks – The governor must still be busy putting the toilets back in his second mansion after cheating on his real estate taxes.
John Mayerhofer
Sun City resident
