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LEARN MORE
AUGUST
Key Assumptions Developed
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Strategic Guidance Refined JULY
Strategic Plan Guidance
SEPTEMBER
Detail Meetings + Reviews
OCTOBER
Final Budget Review + Approval
OPEN BUDGET WORKSHOPS OPEN BUDGET WORKSHOPS
September 8, September 22, October 14 September 8, September 22, October 14
The budget process determines the Annual Assessment for each property owner and how assessment dollars are distributed between the various funds, which allows Tahoe Donner Association to achieve short- and long-term goals.
THE BUDGET DIRECTLY IMPACTS YOUR ANNUAL ASSESSMENT AND THE COST OF SERVICES OFFERED BY TAHOE DONNER. THERE ARE FOUR FUNDS THAT DETERMINE YOUR ANNUAL ASSESSMENT:
1
OPERATING FUND: Covers the net operating deficit of all amenities and HOA services
2
REPLACEMENT RESERVE FUND: Funding for anticipated maintenance/repair, replacement and restoration of common area components and facilities (Ex: Replacing windows, furniture or computers)
3
NEW MACHINERY + EQUIPMENT FUND: Funding for new items that improve operational
efficiency or additional member services (Ex: A new treadmill or snow-grooming equipment additions)
4
DEVELOPMENT FUND: Anticipated capital improvements
(Ex: Land acquisitions, additions or new buildings)
FOR MORE INFO VISIT TAHOEDONNER.COM/2023-BUDGET-WORKSHOPS
BUDGET FACTORS
Factors that impact the 2023 budget include: • Sharp increase in labor costs due to competitive regional shift in entry-level positions to $20 per hour as well as labor market changes and lack of workforce housing • Costs of goods and supply chain challenges driving expense increases in Food + Beverage
Department and other key operating expenses • Increase in utility costs (most notably gasoline, diesel and natural gas) • Continued rise in insurance costs • Continued prioritization of savings for long-term capital investment • Continued focus on cost savings and efficiencies
WORKSHOP INFORMATION
WORKSHOP 1
Thursday, Sept. 8 | 9AM
Dedicated to the Operating Fund, which includes budgets for amenities and supporting departments
WORKSHOP 2
Thursday, Sept. 22 | 9AM
Dedicated to capital projects in the Replacement Reserve Fund, New Machinery + Equipment Fund and Development Fund
WORKSHOP 3
Friday, Oct. 14 | 9AM
Review the updated fund budgets and propose the recommended Annual Assessment for Board approval
To learn more about these events and registration information, visit
WAYS TO PARTICIPATE
Members are encouraged to participate throughout the 2023 budget season in a variety of ways:
Visit the budget hub to learn more at tahoedonner.com/ 2023-budget-workshops
Participate in budget meetings this September and October
Provide feedback on the online form on the web hub
