Current Meeting ☞ Agenda

Business Activities: 

How is your money working for you?

As of June 30th, the Association has $1.1M in interest bearing accounts. This is comprised of $300K in CD’s, and the utilization of Fidelity money market accounts. Though the rates have fallen a 1/2 (.54) of a percent since this time last year, we remain trending at 120% to budget and have accumulated over $18K in interest this year. 

As Chairman Viollis mentioned, the Association sought to diversify our investment portfolio beyond CD’s to include raw land with the purchase of the property at 115 Vista East Drive. The funds utilized came from a maturing CD and the reinvestment of the same in property, is part of the Association’s long-term planning initiatives. 

Budget vs. Actuals:  

The 2026 Budget is separated into three main components or departments; Administrative, Facilities and Golf. All three departments have proven their success and team synergy in terms of overall income produced; Golf is at 128.21% to budget with over $126K more than forecasted, Facilities at 126.62% and Administration at 102.34%. The key components that have contributed are Proshop retail sales, season passes and punch cards, the golf course sponsorship program, the recreational use fee and facility rentals. Knowing that our season began earlier than expected on March 21st of this year, I am pleased to report that the team has remained conservative on expenses with only a 3.25% increase over budget. 

The year-to-date financials finds that at the close of June: 

· Gross Profits are better than budgeted, closing at just over $1.8M or 109.79%. 

· Expenses for daily operations are $1,004,821.33 or slightly over budgetary forecasts by 3.25%.

· This then makes our Net Operating Income, prior to depreciation, a total of $803,939.97 or 19.21% better than budget.

· The YTD cash assets as of the 6/30/2026 Balance Sheet total $1,863,001.71

· The summary of the financials are available on the SVRA website and detailed copies are always available by request at the Association Office. 

Collections: 

The national average success rate for collection accounts is between 20-30%. Thus far in our efforts, we have recovered $92,613.97. The following percentages indicate that the Association has an extremely healthy and effective process. 

The totals for the annual groupings are as follows;

2026: 27.54%

2025: 42.71%

2024: 71.48%

2023: 76.57%

The 2027 Budget begins by way of the July 2026 CPI index, which will be released on August 12th. From here, we begin formulating the potential needs, expenses and revenue streams that will outline the entirety of the Association’s operational budget. From now through September 17th, your thoughts and input can make an impact for the following year. Should you have questions and/or recommendations outside of a public meeting, please connect with our Treasurer, Patty Judge or myself. Our contact information is available on the website and my office door is always open to our membership.

Other Advancements:

Website statistics: We have now had over 12,000 visitors to our new site, golfstarvalley.com since the unveiling at Property Owner’s Weekend. I want to thank our member, Matt Groves for the incredible arial pictures and videos. His drone footage truly captures the beauty of our community. 

For those who have yet to visit, our goal was Ease of Access by creating two adjacent yet distinct sections. The first for the Golf aspect of our business and the second devoted to the membership. From booking tee-times to interactive calendars, we hope your experience is an ‘easy’ one.

The Aspen Grove Venue hosted its first summer wedding this past weekend and is currently reserved for another this season. For the design and implementation of, we must acknowledge the project leads, Heather Bigelow, Ernie Bigelow and Larry Tucceri. I am truly blessed to work alongside your creativity and ingenuity. Thank you for always going above and beyond. 

In closing, the 2026 summer season wouldn’t be possible without the 46 team members who make every day a pleasure to come to work. I thank each and every one of you for your dedication to this little slice of heaven we call home.