Financial Results

SCG MAY 2022 FINANCIAL RESULTS

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

Operating Assessment Revenue $ 1,078,809 $ 1,078,739 $ 70 $ 5,378,732 $ 5,378,382 $ 350 12,860,485$ 12,860,135$ $ 350

Fitness & Activities 55,926 33,319 22,607 585,187 282,247 302,940 831,538 528,598 302,940

Grand Lifestyles 7,727 8,240 (513) 51,285 45,783 5,501 97,001 91,500 5,501

Rent

29,411 34,768 (5,357) 159,812 148,595 11,218 488,510 477,292 11,218 Membership Fees 51,201 62,438 (11,237) 311,143 313,785 (2,642) 574,931 577,573 (2,642)

Recreation Revenue 144,264 138,765 5,499 1,107,426 790,409 317,017 1,991,979 1,674,962 317,017

Annual Pass Flex Pass Resident Daily Guest Public Merchandise Driving Range

Golf Revenue

179,772 168,642 11,130 1,081,146 1,070,317 10,829 2,141,288 2,130,459 10,829 5,412 3,985 1,427 235,246 208,227 27,019 342,164 315,145 27,019 224,065 253,210 (29,145) 3,103,190 2,889,267 213,923 4,391,922 4,177,999 213,923 39,369 39,983 (614) 724,371 529,738 194,633 919,907 725,274 194,633 26,189 - 26,189 104,282 - 104,282 164,282 60,000 104,282 46,731 68,191 (21,460) 524,357 468,266 56,091 792,780 736,689 56,091 15,481 19,895 (4,414) 177,166 164,198 12,968 290,868 277,900 12,968

537,019 553,905 (16,887) 5,949,758 5,330,012 619,745 9,043,211 8,423,466 619,745

Fund Balance Allocation Other Revenue - - -

- 220,000 (220,000) 1,840,000 1,220,000 620,000 25,581 13,013 12,568 217,918 196,264 21,654 276,126 254,472 21,654 Interest Income 8,518 3,675 4,843 33,656 22,907 10,749 89,656 64,447 25,209

TOTAL REVENUE 1,794,190 1,788,098 6,092 12,687,490 11,937,975 969,515 26,101,457 24,497,482 1,603,975

Cost of Sales 64,819 74,537 9,718 706,793 530,541 (176,251) 1,040,945 864,694 (176,251) GROSS PROFIT 1,729,371 1,713,561 15,810 11,980,698 11,407,433 573,264 25,060,512 23,632,788 1,427,724

Payroll

873,795 906,368 32,574 4,520,782 4,641,976 121,193 10,907,237 11,028,430 121,193 Utilities 186,702 143,771 (42,931) 755,097 635,585 (119,512) 1,924,674 1,813,234 (111,439) Repairs & Maintenance 61,628 58,862 (2,766) 334,922 332,868 (2,054) 850,040 847,986 (2,054) Insurance 70,300 71,610 1,310 342,605 338,520 (4,085) 843,875 839,790 (4,085) Professional Fees 29,758 13,758 (16,000) 156,226 119,697 (36,529) 366,104 329,575 (36,529) Food / Beverage 110,512 - (110,512) 159,864 93,104 (66,760) 579,864 159,719 (420,145) Landscaping 190,070 190,794 724 950,350 953,970 3,620 2,285,908 2,289,528 3,620 Operating Expense 413,291 320,967 (92,324) 2,109,490 1,822,244 (287,247) 5,681,854 5,195,148 (486,706)

TOTAL EXPENSES 1,936,056 1,706,129 (229,927) 9,329,337 8,937,963 (391,374) 23,439,556 22,503,410 (936,145)

SURPLUS/(DEFICIT) - Before Capital $ (206,685) 7,432$ $ (214,117) $ 2,651,361 $ 2,469,471 $ 181,890 $ 1,620,957 $ 1,129,378 $ 491,579

Project Expense 119,305 - (119,305) 119,305 220,000 100,695 1,840,000 1,020,000 (820,000)

SURPLUS/(DEFICIT) $ (325,991) 7,432$ $ (333,422) $ 2,532,056 $ 2,249,471 $ 282,585 $ (219,044) $ 109,378 $ (328,421)

ROUNDS 15,744 15,976 (233) 121,256 113,088 8,168 200,167 192,000 8,168

May-22 May-22 May-22 May-22 Variance RESERVE FUND YIELD Balance CARE FUND YIELD Balance STAFFING Actual Budget Fav/(Unfav)

Money Market $4,004,231 Money Market $844,913 Full Time 166 172 (6) Investments 17,200,000 Investments 3,900,000 Part Time 112 115 (3)

TOTAL 0.60% $ 21,204,231 TOTAL 0.60% $ 4,744,913 Total 278 287 (9)

APRIL 28, 2022

SPECIAL BOARD OF DIRECTORS' MEETING SUMMARY

n The Board of Directors approved to increase the CARE fee charged to home purchases through escrow to $5,000.00 effective on and after July 1, 2022; n The Board of Directors approved the RLB Contract as negotiated.

MAY 12, 2022

BOARD OF DIRECTORS' MEETING RESOLUTIONS SUMMARY

The Board of Directors accepted the Consent Agenda items as submitted: A. March 31, 2022 Board Workshop minutes B. March 31, 2022 Special Board

Meeting minutes and resolutions C. April 1, 2022 Organizational

Meeting minutes and resolutions D. April 14, 2022 Board Meeting minutes and resolutions E. Purchase Request 22-2460-RF – Desert Springs Restaurant – replaced (2) exterior roll down shades in the amount not to exceed $2,903. Completed. F. Purchase Request 22-2348-RF – Desert Springs Snack Shop – replaced ADA door operator for the women’s restroom in the amount not to exceed $4,861. Completed G. Replace Sam Holcomb with

Dr. Alan Hurwitz Deaf Advi-

sory Committee (DAC). H. Board of Director Meeting video retention is a rolling 3-month period. I. The entire Village Center is defined as the area north of

Remington Drive and south of the Adobe Pool. J. Accept the resignation of Cheryl

Newland as Neighborhood

Representative from Havasu. K. Accept the resignation of Dan

Barthel as Neighborhood Representative from Desert Trails II; n The Board of Directors approved the Proposed Amended Reserve Policy; n The Board of Directors approved the Proposed Charter for the Neighborhood Representative Council; n The Board of Directors approved Purchase Request 2327403-7404-7429-RF- Granite Falls North Projects 2023 in the amount of $300,000 from

CARE and the balance of $1,608,003 from Reserves for a total of $1,908,003; n The Board of Directors approved Purchase Request 22-6354-RF- Adobe Fitness

Center – Replace drinking fountain with bottle filler unit in the amount not to exceed $5,064; n The Board of Directors approved Purchase Request 22-7967-7968-RF- Granite

Falls Replace (2) Turf Vacs in the amount not to exceed $66,281; n The Board of Directors approved Purchase Request PDP21-015-PDP- Softball Field

Equipment in the amount to not exceed $42,000;

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

WEEDS

Friendly Reminder from Standards

We all want to maintain the beauty and cleanliness of our homes in Sun City Grand. We also recognize that there are many things that impede us in this common desire. The intrusion of nature in the form of weeds is certainly on top of our list. Weeds do nothing but detract from the effect we sought to achieve when we landscaped our property. Please help us to help you and your fellow owners by ensuring that your property stays free of these unsightly intruders.

BOARD PRESIDENT MONTHLY UPDATES

GETTING TO KNOW YOU

Bob Aiken

President Sun City Grand Board of Directors

One of our Board goals this year is to increase Board interaction with our community and become more visible in our attempt to support our stated Mission and Vision statements. This may be interpreted in several ways, yet the main focus will be to increase interaction between the Board of Directors and our fellow residents.

Coming out of the two-year Covid “cloud” strengthens our resolve to follow through in accomplishing this important goal. Many should remember that the Board of Directors are residents, with similar needs and wants of every resident. The only difference is that we all agreed to visibly support and commit time to the success of Grand.

I asked each Board member to submit two examples they would suggest we consider doing to help with this endeavor. Some fun suggestions were returned. I need to remember to be more cautious when asking for suggestion from this team…. Some suggestions were: n An Ice Cream Social where residents who provided one idea into a “Suggestion Box” would receive a free scoop of ice cream along with a buffet of toppings with Board

Members as servers. Suggestions would be gathered and reported either at an upcoming workshop or a special meeting. n Quarterly “Get to Know Your Board” meetings at different venues. We enjoyed the May 19th gathering very much and received some valuable suggestions from residents. We all agree such an event deserves repeating. n Bring back “Wine Down

Wednesdays”. This was a repeated suggestion from this Board! n Hold Monthly “Fireside Chats” prior to scheduled Board Workshops. (Similar, yet less frequent than past years’ chats.) n “Speed Meeting”, similar to “Speed

Dating” where a Board member sits at a table of eight and residents are asked to move every five minutes or so. This sounds similar to the popular “Meet the Candidates” held in past Board

Elections. Of course, a cash bar and snacks would be available. Someone would have to take notes!!! n Schedule weekly “Board Office

Hours” at the same time and location so residents will know where to go to give praise and kudos (just kidding, kind of…) to those Board members attending. Good idea, and very similar to the Fireside Chat. n Charitable Event to support a local charity. Silent auction items secured by Board members through local businesses. Include a “Dunk Tank” featuring Board members, a fortuneteller booth, and other contests where residents beat Board members. Lot’s of possibilities. Burgers and Brats served by Board members. Tips to charity. n Super Bowl Food Drive: Promote food drive following the Holidays with donations delivered to the

Palm Center on Super Bowl Sunday prior to the game. Donated product would be transported to the West

Valley Food Back by the Food Bank’s transport team. Board members would greet and thank participating residents. Perhaps have competition by neighborhoods within Grand with our Neighborhood Reps involved as well. This could become an annual event supporting those in need. n “Get to Know Your Board

Members”: A Board member would provide a short(?) bio for the Lifestyle

Magazine each month and explain where they are from, how long they have lived here, and what they enjoy most about Grand. I would attempt to coordinate the scheduling of such articles with the timing of events each member is working on. While we have not met to determine which topics would best serve our residents, I will admit the desire to attempt all. Watch for announcements coming soon as we begin the process to schedule several of these activities. If one or more of these particularly resonate with you – let me know. We want to do things you would enjoy. As communications is a two-way process, please make sure you have signed up to receive the “News of The Day” on the Grand website by going to your profile and making the appropriate edits. This will only help us be successful in keeping all residents informed of any activity planned. Stay well, Keep Moving, and Be Kind to Others

Bob Aiken, President