Revenues Up for the Rancho Santa Fe Assocation

Rancho Santa Fe Association

A year in which the Rancho Santa Fe Association went through an overhaul in their financial and departments, the Association saw revenues increase equating to a positive fiscal year.

By the numbers:

Total Revenue for 2014-2015: $17.6 million | 2013-14:  $17.028 million

Total Increase over the prior year: $572,000

Total Expenses for 2014-2015: $14 million | 2013-2014 $13.967 million

Total Increase over the prior year: $33,000

Assessment revenue increased $296,000

“This is a good indication of the solid ground the Association is on in terms of financing,” said board member Fred Wasserman.

The Community Enhancement Fund was also discussed.  $1.1 million went into the fund this past year, brining it to $6,850,000.

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