Current Meeting ☞ Agenda

 Business Activities: 

How is your money working for you?

At the close of July, the membership had just over $1.1M in CD’s and Money Market interest bearing accounts. In terms of the Money Markets, your funds are earning 3.54%. As we are on the cusp of the shoulder season of our business, the amount held in these accounts will begin to decrease as our income streams weaken and overhead continues until the close of the year. We will continue our efforts again in the winter of 2027, adhering to the operating policy which outlines the transfer of funds from the BOSV to incur passive interest income within the Fidelity Money Markets. 

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 126.67% to budget with over $175K more than forecasted, Facilities at 133.79% and Administration at 104.04%. 

When comparing (YOY) year-over year for each Department as of today’s date:

· Admin has increased their income by $73K

· Facilities increased by $8,719.14

· Golf increased by $206,768.28

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 1.13% increase over budget. 

As you know, the 2026 budget was created with a shortfall in golf of approximately $73K. It goes without saying that the entire Pro Shop team, led by our Pro Nick and Manager Melissa, have outperformed in every aspect. We thank you for your vision and dedication as your efforts directly impact the entire golf aspect of our organization. 

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

· Gross Profits are better than budgeted, closing at just over $2.1M or 112.53%. 

· Expenses for daily operations are $1.2M or slightly over budgetary forecasts by 1.13% as mentioned earlier.

· This then makes our Net Operating Income, prior to depreciation, a total of $884,592.37or 33.40% better than budget.

· The YTD cash assets as of the 7/31/2026 Balance Sheet total $1,648,580.70

· 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 $95,518.49. The following percentages indicate that the Association has an extremely healthy and effective process. 

The totals for the annual groupings are as follows;

2026: 29.94%

2025: 49.24%

2024: 71.48%

2023: 76.57%

The 2027 Budget: 

This past July, the CPI Index was calculated at 3.4%. With this figure, we now begin the process of creating the 2027 budget by way of assessments, expenses and potential income. 

Other Advancements:

Website statistics: We have now had over 27, 559 visitors to our new site, golfstarvalley.com since the unveiling at Property Owner’s Weekend. 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.

Saying I do on the Ranch:

This summer, Star Valley Ranch will host a total of 5 weddings and receptions. The word is out and we hope to continue this trend into 2027. As such, the team will begin to reorganize to incorporate an event planning position to aid in the advertisement of the facilities and the logistically planning of the events. We are growing as a community in so many fashions, and I look forward to hosting the couples who will start their forever here, on the Ranch.