Year-end Financial News Just Released by Sun City Texas
I know financial reports can seem pretty boring. On the other hand, the financial health of a Home Owners Association is critical in its long range sustainability. That said I’ll try to give you the highlights for the financial news just released by the board of directors here in Sun City Texas:
· The Sun City Texas HOA ended the year with a $225K surplus before accruals.
· New Home Sales for the year were up 14% to a total of 285 units sold, 35 more than the budgeted amount of 250.
· Golf for 2013 turned in surplus of $43K against a budged loss of $100k. The surplus is earmarked for future Golf projects.
· Final approval of the budget and year-end financials will occur at the March 6, 2014 board meeting.
There you have it. If you have any questions please feel free to contact me for further information. Brian@RuggRealty.com.