The July 2018 Community Center/Golf numbers are posted and Hiremath and his three departing minions are not leaving a favorable legacy.
The Community Center Fund (CCF), the fund set up to pay for everything including capital improvements, lost $165,632 in July 2018. Add this loss to the fact that the fund started the fiscal year on July 1st already $74,010 in the hole, and this leaves the CCF at $239,642 in the red.
These deficient numbers include $179,538 in sales tax revenues for July and $55,466 in membership contributions.
July membership was 223 which is three less than in June. The high was 249 in January, but still not even close to the 319 memberships that Troon desired by December 2015.
While July 2018 revenues were $5,552 higher than July 2017, the expenses were $116,507 higher. The higher expenses can be contributed to higher equipment leases and O & M (e.g. we have increased the number of golf carts we now lease).
The Overlook lost more in July 2018 than in July 2017
Did you notice the quarter page ad for the Overlook Restaurant in a recent edition of the Explorer? Why is the Overlook still open? The Overlook lost $11,345 in July 2018. This is $779 more than it lost in July 2017.
Will the Hiremath council bite the bullet and close this drain, or is he going leave it as part of his horrible legacy? We still need to see the numbers for August – October 2018 before we can close out the Hiremath-Hornat-Snider-Waters disaster.
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Mike Zinkin has a Bachelor’s degree in history and government from the University of Arizona and a Master’s degree in Social and Philosophical Foundations of Education from California State University, Northridge. He was a commissioned ensign in the United States Navy Reserve. He was an Air Traffic Controller for 30 years. He and his wife moved to Oro Valley in 1998. Mike served on the Oro Valley Development Review Board from 2005-2009 and the Board of Adjustment from 2011-2012. He served on the Town Council from 2012-2016 during which time he was named a Fellow for the National League of Cities University, he was a member of the National League of Cities Steering Committee for Community and Economic Development, and a member of the Arizona League of Cities Budget and Economic Development Committee.
