Tahoe Donner News May 2022 by Tahoe Donner Association

ELECTION ROADMAP

TAHOE DONNER N

ANNUAL REPORT

BUSINESS DIRECTORY 20 IS YOUR HOME EMBER-RESISTANT?

M A Y

2 0 2 2

WHY SOME HOMES SURVIVE WILDFIRES WHILE OTHERS DO NOT

INSIDE THE REPORT:

THE BUZZ:

ASSOCIATION UPDATES

EVENTS, DINING + UPDATES

Message From the Quick Calendar General Manager

Club Updates

Covenants Reminders

Roadmap to the 2022 Board of Directors Election

Dining Hours + Specials

2021 ANNUAL REPORT

Tahoe Donner Giving Fund Update

Graphical overview of Tahoe Donner’s 2021 audited results and accomplishments

Business Directory

FEATURES

Defensible Space Inspections

Briefs

IS YOUR HOME EMBER-RESISTANT?

Board Meeting Recaps

Some homes have survived recent wildfires while others have not, and we are learning why

THE BUZZ

Amenity updates, programs and events

TAHOE DONNER NEWS |

VOLUME 23 | NO. 05

MAY 2022

EDITORIAL AND PRODUCTION TEAM Lindsay Hogan Joe Reeder Derek Moore

Drew Deurlington Ali Dickson Kylie Papson

SENIOR MANAGEMENT

David Mickaelian | General Manager dmickaelian@tahoedonner.com Miguel Sloane | Director of Operations msloane@tahoedonner.com Todd Martyn-Jones | Director of Finance, Accounting + Business Support tmartynjones@tahoedonner.com Lindsay Hogan | Director of Communications + Member Relations lhogan@tahoedonner.com Jon Mitchell | Director of Capital Projects jmitchell@tahoedonner.com Miah Cottrell | Director of Information Technology mcottrell@tahoedonner.com Steve Turner | Director of Food + Beverage sturner@tahoedonner.com John Groom | Director of Land Management + Open Space jgroom@tahoedonner.com Annie Rosenfeld | Director of Administrative Services arosenfeld@tahoedonner.com

BOARD OF DIRECTORS President | Don Koenes dkoenes@tahoedonner.com

Vice President | Courtney Murrell cmurrell@tahoedonner.com Treasurer | Steve Mahoney smahoney@tahoedonner.com Secretary | Jim Roth jroth@tahoedonner.com Director | Charles C. Wu cwu@tahoedonner.com

POSTMASTER: Periodical postage paid at

Truckee, California and additional mailing offices. Send address changes to Tahoe Donner News, 11509 Northwoods Blvd., Truckee, CA 96161; (530) 587-9400, Fax (530) 579-3224

EMAIL: comdep@tahoedonner.com ADVERTISING SALES: CC Media + Publishing is the exclusive advertising representative: (775) 327-4200 | laura@cc.media PUBLISHING INFORMATION TAHOE DONNER ASSOCIATION HOLDS THE EXCLUSIVE SERVICE MARK RIGHT TO “TAHOE DONNER.” ANY UNAUTHORIZED USE OF SUCH WILL BE REGARDED AS AN INFRINGEMENT OF THAT SERVICE MARK RIGHT AND IS PROHIBITED. THE INCLUSION OF ADVERTISING IN THIS PUBLICATION DOES NOT CONSTITUTE AN ENDORSEMENT OR RECOMMENDATION BY TAHOE DONNER ASSOCIATION OR ITS BOARD OF DIRECTORS OF THE PRODUCTS, SERVICES OR VIEWS CONTAINED THEREIN. TAHOE DONNER NEWS (ISSN 1550-6061) IS THE OFFICIAL MONTHLY PUBLICATION OF TAHOE DONNER ASSOCIATION, WHICH IS LOCATED AT 11509 NORTHWOODS BLVD., TRUCKEE, CA 96161. EACH MEMBERSHIP PARCEL RECEIVES ONE SUBSCRIPTION TO A DOMESTIC ADDRESS. COST TO PRODUCE AND DISTRIBUTE THIS PUBLICATION IS OFFSET BY ADVERTISING REVENUES. PERIODICALS POSTAGE PAID AT TRUCKEE, CA, AND ADDITIONAL MAILING OFFICES. MEMBER LETTERS TO TAHOE DONNER ARE PUBLISHED IN THE MEMBER PORTAL; DETAILS AVAILABLE AT TAHOEDONNER.COM/MEMBER-LETTERS.

MESSAGE FROM THE

GENERAL MANAGER Dear members, Spring continues its welcoming entrance to Tahoe Donner this month. With this early season, our members have been eager to use amenities such as playgrounds and the trail system. Staff has been diligently working to open our summer amenities and close down our winter operation. While we wait for the snow to make its final exit, however, please be mindful and stay off muddy trails. Walking or biking on trails that have not yet dried can permanently damage our trail system and further erode our landscape.

OPENING AMENITIES

Some Tahoe Donner amenities are looking to open this month, conditions permitting. These amenities include the Beach Club Marina, Tennis Center and Golf Course. Private amenities such as the marina and tennis center require an access fee to enter. To purchase the annual Recreation Pass this season and gain access to these facilities without paying a daily access fee, visit tahoedonner.com/member-cards-rec-fee.

SUMMER STAFFING

Tahoe Donner is not immune to the staffing challenges our region is facing. At some amenities, we are excited to introduce a number of new faces for the summer. At others, we are asking our employees to do double duty in order to provide quality service and keep our amenities clean and open. Our staff is committed to providing the best possible experience to all our members and guests, but training new staff while working multiple positions in the association can create gaps. As we continue our transition into summer, when you have the opportunity to interact with staff at one of our many amenities, ask them how their day is going. When we all interact kindly with each other, that positivity goes a long way. Please visit tahoedonner.com for the latest amenity updates and information this season.

SUMMER HIRING FAIR

It is largely due to our dedicated and hardworking staff that Tahoe Donner summers are so unforgettable, and a variety of positions are available this summer. Perks include free amenity access, food and beverage discounts, a competitive paycheck and much more. Whether you want something part-time, full-time or year-round, join us at our job fair on May 14 from 11AM-2PM to discover your place at Tahoe Donner. Plus, enter for a chance to win a pair of AirPods when you secure a position on our team. Learn more at tahoedonner.com/jobs.

HOME FROM SCHOOL

Will your children or relatives stay at Tahoe Donner this summer? A number of part-time summer positions are available to keep them busy. If they can’t make it to the summer hiring fair, encourage them to go online and apply for one of the many available openings. As a reminder, Tahoe Donner members who refer a candidate to work at Tahoe Donner can earn $100 in Mountain Money every month for up to three months of employment if their candidate is hired, meaning up to $300! Learn more at tahoedonner.com/jobs.

HAPPY HOUR WITH THE GM

Join me at Pizza at the Hill on May 10 at 4:30PM for an informal discussion about Tahoe Donner, joined by senior staff. Ask questions and learn more about your association while enjoying local drinks and food from our favorite pizzeria. Light snacks will be provided, and drinks will be available for purchase. There is much to get excited about this season, and I join you this month in dusting off the bikes, bringing out the lawn chairs and truly enjoying this spring season at Tahoe Donner. Be well, DAVID MICKAELIAN | GENERAL MANAGER

FEATURED EVENTS SUMMER HIRING FAIR CINCO DE MAYO PARTY

Celebrate May 5 this year with authentic Mexican dinner and drink specials, like $6 margaritas and $3 Mexican beers. WHEN: May 5 TIME: 5-8:30PM WHERE: The Lodge Restaurant & Pub

PERSONAL EMERGENCY PREPAREDNESS (PEP) MEETING

Learn how to protect yourself when disaster strikes. WHEN: May 11 TIME: 3-5PM WHERE: Northwoods Clubhouse and online via Zoom

SUMMER HIRING FAIR

Join us to learn more about working at a place that combines adventure, likeminded friends and a competitive paycheck. Plus, free pizza! WHEN: May 14 TIME: 11AM-2PM WHERE: Pizza on the Hill

MAY

EVENTS + MEETINGS MONDAYS

Member Discounts at Pizza on the Hill

TUESDAYS

No Corkage Fee at Pizza on the Hill

One call does it all!

General Contractor ∙ Kitchen and Bath Remodels Velux Skylight Specialist Decks - Building, Repair, Reﬁnishing Window Installation ∙ Painting and Staining Electrical ∙ Plumbing ∙ Drywall

www.mrhoneydo.biz

(530)581-4031 (530)5814031 • (775)548-4031 CLSB #974246 | NVCB #0086260

WEDNESDAYS No Corkage Fee at The Lodge MAY 3

Elections Committee Meeting

MAY 4

Junior Sailing Programs on Sale

MAY 4

Trails + Open Space Committee Meeting

MAY 4

Architectural Standards Committee Meeting

MAY 5

Cinco de Mayo Party at The Lodge

MAY 7

Tennis Center Opens (conditions permitting)

MAY 9

Giving Fund Committee Meeting

MAY 10

Happy Hour With the GM at Pizza on the Hill

MAY 11

Personal Emergency Preparedness (PEP) Meeting

MAY 12

Covenants Committee Meeting

MAY 12

Long-Range Planning Committee Meeting

MAY 14

Hiring Fair at Pizza on the Hill

MAY 18

Architectural Standards Committee Meeting

MAY 19

Finance Committee Meeting

MAY 27

Beach Club Marina Opens (conditions permitting)

MAY 27

Board of Directors Meeting

MAY 28

Tahoe Donner Community Yard Sale

MAY 28

Virtual Candidates Night | Election Event

JUNE 1

Historical Kayak Tours on Sale

JUNE 4

Candidates Virtual Meet + Greet | Election Event

Sip. Sa vor. Smile.

47 TH S O R O PTI M I ST WINE + RESTAURANT FAIRE FU ND - RA I SE R SATURDAY JUNE 4 | 5:00 TO 7:30 P.M.

COYOTE MOON GOLF COURSE | 10685 NORTHWOODS BLVD. | TRUCKEE

Wine + Beer + Vodka Tasting | Music by Dr. Heidi Kuzman Culinary Delights Prepared by Area Restaurants SILENT AUCTION WITH ITEMS WORTH THOUSANDS RAFFLE WITH 4 MAJOR PRIZES • TICKETS $20

THANKS TO OUR SPONSORS:

MOUNTAIN HOME CENTER • OFFICE BOSS WESTERN NEVADA SUPPLY • FARMER’S INSURANCE • RALEY’S GOLD RANCH • GROCERY OUTLET • MOONSHINE INK

TICKETS: $50 ADVANCE • $55 AFTER 5/20 • $60 DOOR ON-LINE AT: SITDWINE.GIVESMART.COM PICKUP AT WILL CALL AT EVENT

In compliance with governmental regulations, ID’s with date of birth will be requested at the door.

All events are weather permitting. See full event list at tahoedonner.com/events. TAHOE DONNER NEWS |

THE REPORT

COVENANTS REMINDERS HOW TO MAKE A COVENANTS COMPLAINT

1 Call (530) 414-8166. Phone is staffed

NO SMOKING

Smoking is prohibited on Tahoe Donnerowned property, including facilities, parking lots and open space.

from 8AM-5PM Monday, Wednesday and Friday, 12-5PM Tuesday and Thursday, 9AM-1PM and 2-6PM on Saturday and Sunday, with a daily after-hours answering service from 5PM-8AM (6PM-9AM on weekends). 2 Email compliance@tahoedonner.com. 3 Visit the member portal at

tahoedonner.com/member-portal.

WHAT INFORMATION TO PROVIDE

When making a complaint, be prepared to provide: • Your name, address and email. • Address of property being complained about.

LIGHTS OUT

Enjoy the mountain stars and minimize light pollution by turning off outdoor lighting after 10PM.

• Nature of complaint with times occurring. • Evidence: photos, video, etc. • How this behavior is affecting you. • What actions have been taken (e.g. called police).

WHAT HAPPENS NEXT

NO DRONES

Flying drones on Tahoe Donner-owned property, including the trails and open space, is prohibited unless authorized by Tahoe Donner.

Lock it up in your bear-proof container, never in your neighbor’s container or dumped anywhere in Tahoe Donner.

Area Code (530)

MEMBER SERVICES

587-9400 | info@tahoedonner.com | Live chat on website

AMENITIES Beach Club Marina 587-9460 Bikeworks 582-9694 Campground 587-9462 Cross Country Ski 587-9484 Downhill Ski Resort 587-9444 Equestrian Center 587-9470 Forestry 587-9432 Golf Course 587-9443 The Lodge 587-9455 Recreation Hut 587-9413 Snowplay 587-9437 Tennis Center 587-9474 Trails 582-9672 Trout Creek Rec Ctr 587-9437

Architectural Standards Rod Whitten aso@tahoedonner.com

Giving Fund Marcia Argyris tdgf@tahoedonner.com

Covenants Don Ermak covenantscommittee@ tahoedonner.com

Long-Range Planning (formerly General Plan) Jim Beckmeyer lrpc@tahoedonner.com

Elections Nan Carnal electionscommittee@ tahoedonner.com

Trails and Open Space Benjamin Levine tos@tahoedonner.com

Finance John Dundas financecommittee@ tahoedonner.com

ASSOCIATION CHARTERED CLUB PRESIDENTS TD 4-Wheelers Bill Ratcliff club@td4wheelers.org

• Call the primary phone number on file and speak to the owner or leave a message.

Bridge Lynn Cordner lynn.cordner@gmail.com

• If no answer, call additional phone numbers on file to speak with or leave a message for owner or designated contact. • Email the owner via any email on file. • Send follow-up email to the complainant confirming attempts to contact owner.

REPORT STR VIOLATIONS INCLUDING NOISE, TRASH, PARKING AND MORE

Please utilize the Helpline if you wish to report a property that is in violation of the Town of Truckee’s short-term rental ordinance.

marina@tahoedonner.com bikeworks@tahoedonner.com campground@tahoedonner.com xc@tahoedonner.com ski@tahoedonner.com equestrian@tahoedonner.com forestry@tahoedonner.com golf@tahoedonner.com lodge@tahoedonner.com recreation@tahoedonner.com snowplay@tahoedonner.com tennis@tahoedonner.com trails@tahoedonner.com troutcreek@tahoedonner.com

ASSOCIATION COMMITTEE CHAIRS

Tahoe Donner will make every effort to contact the owner of the property being complained about, share details about the complaint and request voluntary compliance. We will:

TOWN OF TRUCKEE STR HELPLINE (530) 450-2430 TRASH

TAHOE DONNER CONTACTS

9-Holers Women's Golf Coral Cavanagh td9hole@gmail.com

Crafting Terry Chang tdcraftingclub@gmail.com Equestrian Susan Terrell terrellsf@earthlink.net Friends of TD Trails B.R. Levine tdtrails@gmail.com Hiking Robin Reese rbtahoe@sbcglobal.net Junior Golf Jean Lai jslai@comcast.net Karate Suz Field IKLdojo.TD@gmail.com

Limited Abilities Persons’ Golf Mike Srago msrago@comcast.net Men’s Golf Tim Pellegrini tncpellegrini@sbcglobal.net Mountain Bike Dustin Young dustinyoung75@gmail.com Quilt Marilyn Dundas md11792@outlook.com Rowing Ward Sproat efs3@comcast.net Running Scott Bauhs info@tdrunclub.com Senior Alpine Ski Stephen O’Brien stephob@comcast.net Tennis/Pickle Ian Mindell tennis@tahoedonner.com Women’s Golf Denise Gauny denise_rebar@merithr.com

MEMBER FEEDBACK

Help improve the overall association. Submit your comments and concerns via our online form on the member portal or at tahoedonner.com/feedback.

www.MS-AC.com

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OFF SPRING SERVICE

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TAHOE DONNER NEWS |

THE

BUZZ EVENTS. DINING. UPDATES. TROUT CREEK REC CENTER HOURS OF OPERATION GYM: Daily | 6AM-9PM

LAP POOL: Daily | 6AM-7:45PM SPAS + SAUNA: Daily | 6AM-8:45PM RECREATION POOL: Daily | 6AM-7PM No lifeguards on duty; swim at own risk. At the time of press, no reservation required for any Rec Center service area.

FITNESS CLASSES

A flowy singletrack trail, a sunrise paddle, a run in the sunshine… Step into shape this spring to be on top of your game this summer! Get ready for mountain biking with one of our spin classes or find that paddleboarding core strength with a yoga class. Squeeze the most out of your summer with the progress you make at the Trout Creek Rec Center.

SWIM + GYM STICKER REQUIRED

LIFEGUARD CERTIFICATION + RECERTIFICATION Lifeguard certification classes will take place on May 25-27 from 3:30-7:30PM and June 4-5 from 9AM-4PM. A recertification class will take place on June 11 from 9AM-4PM. $45 per class. Learn more on the web. tahoedonner.com/fitness

GOLF COURSE

SKY RONDENET

GOLF SIMULATOR

Tahoe Donner is excited to host the golf simulator and practice/teaching facility at the Golf Shop. Utilizing industry leading FlightScope technology, the simulator doubles as a range and practice facility available to members Wednesday through Sunday for the remainder of the spring. Additionally, the shop has partnered with Callaway Golf to equip golfers with state-of-the-art club and ball tech-

OPENING DAY MAY 27

Conditions permitting Snack bar will be open with limited menu and beverage options.

SEASON + HOURS

MAY 27-SEPT. 6: Daily | 7AM-9PM SEPT. 7-OCT. 2: Daily | 8AM-7PM Dive into fun at the Beach Club Marina on Donner Lake. With a private beach, clear water and endless activities, the marina offers something for everyone. Rent a boat, take a lesson, attend a clinic, go for a swim, build a sandcastle, eat some ice cream – the adventures are endless!

SAILING + KAYAK TOURS Junior sailing programs go on sale May 4, and historical kayak tours go on sale June 1. For details and info on how to register, visit tahoedonner.com/marina. tahoedonner.com/marina

TENNIS CENTER

Swim and/or gym stickers are required for anyone under age 18 if unsupervised by an adult. These programs are for minors only. Any person between age 9-17 must present a signed waiver if unaccompanied by a parent/guardian. Schedule an appointment by emailing troutcreek@tahoedonner.com to ensure safe and proper use of the equipment and administer a swim test.

BEACH CLUB MARINA

nology both at the simulator and on the course. With experienced and knowledgeable Golf Pro Jeff Hwang to help you determine what works best for you, come check out what we have to offer and improve your game like never before!

OPENING DAY MAY 7

Conditions permitting

JUNIOR TENNIS PROGRAMS

Junior Tennis Programs are coming to Tahoe Donner every MondayFriday from June 20 to Aug. 19 this season. Signup begins May 3 for members and May 10 for guests of members. Space is limited; email tennis@tahoedonner.com or call (530) 587-9474 for information or register on ShopTD. tahoedonner.com/tennis

CAMPGROUND

The golf course is scheduled to open in late May, conditions permitting. Visit the web for updates.

Make a reservation for the Tahoe Donner Campground, opening later this month (conditions permitting). Reservations are recommended and can be made at ReserveAmerica.com.

tahoedonner.com/golf

tahoedonner.com/campground

All prices, dates, times and locations are subject to change. Please visit tahoedonner.com for the latest information.

EQUESTRIAN CENTER BOARDING APPLICATIONS

2022 equestrian boarding reservation applications are available on the web now for members and the public. We offer long- and short-term horse boarding throughout the summer. Boarding available June 1-Oct. 16. For any questions, email kmecham@tahoedonner.com.

2022 BOARDING RATES

Our 12-by-24-foot partially covered pipe corral paddocks are available and include daily cleaning, watering and feeding. Deluxe paddocks are also available. BASIC 12X24 PADDOCK

MEMBER NON-MEMBER MONTHLY $479 $629 WEEKLY $149 $219 DAILY $34 $54

DELUXE 24X24 PADDOCK

MEMBER NON-MEMBER MONTHLY $639 $819 WEEKLY $184 $261 DAILY $44 $64

tahoedonner.com/equestrian

SKI AREAS THANKS FOR A GREAT WINTER SEASON!

Thank you for a great season at the Downhill Ski Resort, Cross Country Ski Center and Snowplay. We’ll see you next year! For deals on next year’s winter fun, check out our ski season pass sale for the lowest pricing of the season at tahoedonner.com/skiseasonpasses.

SUMMER CAMPS Set your child up for a summer filled with adventure and learning! Most camps are sold out; please check availability on the web. tahoedonner.com/summercamps

TAHOE DONNER NEWS |

THE

BUZZ: CLUBS TD 9-HOLERS CLUB Our preseason activities are in full swing as we welcome our new and returning members. We are getting ready for summer golf with clinics covering golf fitness (March), the mental game (April) and using the rules to your benefit (May). In April, we got together for a casual social at the Pro Shop, swinging at the indoor driving range with a little friendly competition and previewing the cool new merchandise coming in.

HIKING CLUB

QUILT CLUB

The Tahoe Donner Hiking Club is gearing up for another great season of hiking. Once all the hikes, away trips and backpack trips are decided, they will appear on the calendar on our website at tdhikers.com.

The Tahoe Donner Quilt Club ladies are busy making quilt blocks for Mission Quilts. One of the organizations the club is considering making quilts for is LUTHERAN WORLD RELIEF. They were founded in 1945 after WWII as an International aid to disaster relief, and they are still going strong. One of the LWR projects is Quilt Relief. They send quilts all over the world and are now concentrating on Ukraine. This is a TD Quilt Club group effort; club members contribute the blocks and assemble the quilts during summer meetings. For more information, contact Marilyn Dundas at md11792@outlook.com.

The website has everything: • Contact information for the various coordinators • Membership forms that can be downloaded and sent in with a $25 lifetime membership fee • Articles of interest (including a description of the different hiking levels (green, blue and black) • A list of what to bring on a hike • A library of different hikes • And more The philosophy of the club is to allow people to “hike their own pace” (within reason). So, get out your boots and your gear and plan to join in the FUN!

JUNIOR GOLF CLUB

Our Spring Breakfast and New Member Orientation are in May, and as soon as the Tahoe Donner Golf Course is open, we’ll begin regular Thursday morning play days. Highlights for the summer will include Twilight Play evenings with our guests, our summer tourney/luncheon in July and our club championship/banquet in August.

SKY RONDENET

Our friendly, supportive club is a great way to meet super gals and improve your game through easy-tofit-in, inclusive 9-hole play. For club information, email td9hole@gmail.com.

Welcome to another year of Tahoe Donner Junior Golf Club, designed for players aged 7-17. Weekly junior play days begin June 23, 2022, at 2PM; meet on the practice green. The first hour is spent on putting and chipping games followed by playing 9 holes on our course. We normally play a scramble where everyone hits from the best ball after teeing off. All levels of experience are invited to join. While we hope to have some Truckee high school golf team members as driver/caddies, this has not yet been solidified. Lacking that resource, we ask for parent volunteers to drive golf carts to transport players from green to tee. As a parent volunteer, you do not need to know golf. The goal of TDJGC is to allow younger players to enjoy golf by playing with others of similar age and experience without parental intervention. We want them to have fun and put into practice skills learned from the junior clinics or what you as parents have taught them. Call the Pro Shop to get a registration packet. For questions, feel free to email rslai@comcast.net or call (530) 582-0673 after June 6. We look forward to seeing you.

WOMEN’S GOLF CLUB With our course scheduled to open May 27 (weather permitting), golf season is here! Our first women’s play day is planned for the following Tuesday. Our “Big/Little Sister” play day to welcome new members is tentatively scheduled for June 14. Each new member will have a “big sister” assigned to be their “go to” resource for the season. In addition to playing together, the big sister will be there throughout the season to offer information and answer questions about our club traditions. We are also planning our Ladies Club Summer Social for June 23 to welcome new and old members alike, hand out awards from last season and discuss the changes for this season. It’s not too late to join the Women’s Golf Club; for more information, email tdwgclub@gmail.com.

4-WHEELERS CLUB

SENIOR ALPINE SKI CLUB

KARATE CLUB

Hello, friends! The ski season has ended, and except for a few injuries, we had a great ski season. There were trips to Utah, Colorado, New Mexico, Switzerland, Mammoth and local resorts.

A group of TD4WD Club members is heading to the Red Rock 4WD Club’s Easter Jeep Safari in Moab. The scenery around Moab is absolutely beautiful and well worth the trip to see it. Red Rock members guide groups of vehicles over trails of various difficulty based on trail signups in February. Trails range from benign dirt roads (rated 1) to cliffs (rated 10). We picked trails in the 4-6 range, but some members selected tougher trails. Driving on the red rock is interesting, as it offers extremely good traction when dry – like driving on sandpaper. We were amazed at the steepness of the hills we could safely go up and down. Even if you’re not into 4WD activities, Moab is great for mountain biking or hiking too. But pick a week other than Easter to avoid the thousands of Jeeps and other 4WD vehicles.

The race department did a great job with clinics/races and, although the last races had to be canceled for safety reasons, we still had some decent spring conditions into early April, ending with our annual banquet dinner at The Lodge. Our incoming board this year will consist of a team of past presidents who will collaborate for our club. Stephen O'Brien has already put in two years and brought us countless fun adventures. So, THANK YOU, Stephen, for staying on as a copresident this year with Bill Wang and Micheal Eyton-Lloyd. Two more former presidents, Denny Moser and Bob Miller, will also be on the team. Dan Morris is our incoming vice president, Jane Kern is our new treasurer and friendly Dave Jackson is head of social events. Ione Cutter will remain in communications with help from our most beloved Judi Cuffney. We have a great team! We will send out emails soon with summer activities, and we look forward to seeing you soon!

Don’t miss out on dozens of events scheduled this season; now is the time to join or renew your membership with the TD Men’s Golf Club. Schedule highlights include: • The Ice Breaker | June 12 • Match Play Qualifier | June 25 • Club Championship | Aug. 20-21 • Member/Guest Invitational | Sept. 8-10 Additionally on the schedule, you will find four NCGA qualifier tournaments, matches against Incline Village, the Memorial and Parent/Child open to all Men’s and Women’s golf clubs along

MEETING INFO

LOCATION: Trout Creek Recreation Center DATES: Thursdays and Saturdays TIMES: 4-5PM Beginners; 5-6PM Intermediate/Advanced

ELIGIBILITY

• Ages 10+ • TD residents • Limited guests

MEMBERSHIP TYPES

• Full: TD residents • Associate: Limited guests • Social: Family of club members who wish to participate in club events

COSTS

• $50 club due (free for social membership) • Annual recreation fee or daily Rec Center access fee

MEN’S GOLF CLUB OPENING DAY IS JUST ABOUT HERE!

This is a modified Shorin Ryu style founded in 1958 by Nishioka Shihan, founder of the International Karate League (IKL). Classes are taught by Suz Field, Sensei. Field Sensei is a fourth-degree black belt in IKL with 30 years of experience practicing and teaching karate. To join, contact Suz at ikldojo.td@gmail.com.

with TD members, NCGA 12-Man Team Match Play, weekly Wednesday games and more. Check out tdgolfclub.com for the full schedule and details.

SEASON WELCOME EVENT

SUNDAY, MAY 29 | 4PM All Club members are invited to our annual season welcome event social to enjoy beverages and light appetizers and reconnect after the winter season. Not yet a member? Join now to be included; this is a great opportunity to meet members of the three TD golf clubs along with representatives from TD leadership. Join at tdgolfclub.com or contact Michael O’Connell, Membership Chair, for more information at oconnell. tdgolf@gmail.com.

NEW CLUB ALERTS! The Tahoe Donner Running Club will meet at 5:30PM on Thursdays at the Alder Creek Adventure Center starting May 5 through October. Bonus: your annual dues will include a TD Running Club hat. Learn more at tdrunclub.com or email info@tdrunclub.com. The Tahoe Donner Crafting Club will hold its first meeting on Thursday, June 16, at 6PM at the Alder Creek Adventure Center. Learn more by emailing tdcraftingclub@gmail.com.

TAHOE DONNER NEWS |

THE

All offers listed are valid during non-holiday periods and are not valid with any other promotions or coupons. Offers subject to change. Check the website for changes to operating dates and hours. All hours of operation are conditions permitting.

BUZZ:

DINING An award-winning neighborhood bistro with spectacular views.

CINCO DE MAYO PARTY

HOURS

Celebrate Cinco de Mayo all night with Mexican food specials, $5 margaritas and $3 Mexican beers.

Make a dinner reservation online at OpenTable.com or call (530) 587-9455.

LUNCH BEGINS

Wednesday-Sunday | 5-8:30PM Bar opens at 4:30PM for drinks only

Enjoy delicious handmade pizzas and fresh salads!

HOURS

Lunch through May 24 | Friday-Tuesday 11AM-2PM

Dinner | Friday-Tuesday 4-8PM

Make a dinner reservation online at tahoedonner.com/pizza. Check web for latest hours and information.

LUNCH MEAL DEAL

Satisfy your lunchtime cravings with the Pizza on the Hill Lunch Meal Deal— which includes a slice of pizza, a salad and a drink—or try one of our tasty paninis.

HAPPY HOUR

Wednesday-Sunday | 4:30-6PM Before a great dinner at The Lodge, enjoy specials in the Pub from 4:30-6PM Wednesday-Sunday. Deals include $5 wine selections, $3 canned beer and $5 canned cocktails, plus 25% off the Pub menu from 5-6PM! See website for restrictions. Not available May 27-29.

NO CORKAGE WEDNESDAYS Bring your own bottle of wine and we’ll waive the corkage fee on Wednesdays.

Thursday, May 5

The Lodge will begin offering a lunch service from 11AM-4PM daily when the Golf Course opens in late May. Check the web for updates.

GOLFER’S HAPPY HOUR

Daily when Golf Course Opens | 2-4PM Golfers are invited for daily food and drink specials during golf season.

FREE TASTING

Stay tuned for free wine and spirit tastings, offered from 5-6:30PM. Learn more on the web.

12850 NORTHWOODS BLVD | (530) 587-9455 | TAHOEDONNER.COM/THELODGE

TO-GO ORDERS

Place a to-go order by calling (530) 582-9669 or come on in and grab a drink at the bar while we prepare your meal.

MEMBER MONDAYS

Members earn 20% off food and nonalcoholic beverages when they show a member ID on Mondays in May! Good for dine-in or takeout orders. Bring your own bottle of wine and we’ll waive the corkage fee on Tuesdays.

Check the web for summer hours and information.

The Marina Grill will open with the Beach Club Marina on May 27, conditions permitting. Enjoy a limited selection of your favorite grill items, wraps, salads, tasty snacks and great drinks for the beach.

11509 NORTHWOODS BLVD (530) 582-9669 TAHOEDONNER.COM/PIZZA

15275 ALDER CREEK RD (530) 582-9686 TAHOEDONNER.COM/ALDERCREEKCAFE

12915 DONNER PASS ROAD (530) 587-9460 TAHOEDONNER.COM/MARINA-GRILL

NO CORKAGE TUESDAYS

SIMPLE.LOCAL.RELIABLE.READY

Tahoe Donner

G LF IS

BACK

SEASON PASSES + PACKS ON SALE NOW COURSE RENOVATION IN 2020 AND 2021 FOR MORE FUN AND PLAYABILITY ALL NEW GREENS

EXPANDED + REDESIGNED FORWARD TEES IMPROVED PACE OF PLAY $30 SKILLS CLINICS + MORE!

LEARN MORE AT TAHOEDONNER.COM/GOLF

Managehome has got you covered! The Short Term Rental permit renewal process is in June in the Town of Truckee. Are you ready to renew? ManageHome can help you ready your home! Missing the deadline could mean missing out on your ability to short term rent. ManageHome is the permitting expert. Please call and we can discuss how we can help you! 844.431.4663 12177 Business Park Dr. Ste. 2-125 FREE Truckee, CA 96161 QUOTE

NOW GRILLING.

CA Lic #775721 NV Lic #075038

In Stock Napoleon Prestige, Pro, Rogue and Phantom Series BBQs. Shop our Brockway location.

Main Showroom 11403 Brockway Road, Truckee, CA 530.587.6681 | MountainHomeCenter.com

TAHOE DONNER NEWS |

Dear Members, On behalf of the Tahoe Donner Association Board of Directors and our management team, it is our pleasure to present to you the Association’s 2021 Annual Report. This material includes our audited financial statements and the report of our independent auditors, McClintock Accountancy Corporation, as well as a wealth of operational and financial information about your Association. We encourage you to carefully review this material to become more familiar with your Association’s operating performance and financial condition. Many operational challenges were faced in 2021 as our members, the local community and broader region endured year two of the COVID-19 pandemic. Added costs associated with hiring and retaining a talented workforce amidst a nationwide staffing shortage impacted amenity and service offerings. Wildfires throughout the Tahoe area and beyond delayed capital project construction and impacted amenity access due to health concerns. The continuation of COVID-19 impacts reduced capacities and availabilities at amenities. We applaud both staff resilience and member patience as we navigated these waters while striving to safely offer quality services and amenities at a reasonable price. Your Association stands in a strong financial position today. For fiscal year 2021, we reported a Net Operating Result surplus of $850,213 versus the Budget. This superior performance is a result of our management team carefully balancing revenues and the cost to produce that revenue. This budget surplus amount represents, in effect, a contingency reserve. Later this year, we will reassess this contingency reserve, and, conditions permitting, transfer all or a portion of the 2021 Operating Fund surplus to our capital improvement funds much we have done in the past. Another measure of the strength of your Association is that our capital funds, made up of the Replacement Reserve Fund and Development Fund, stand at the highest funding levels in the Association’s history. Monies in these capital funds are used to maintain, improve and develop our physical plant to preserve and enhance the overall experience for our members and their guests, and to strengthen our home values. While hardships were noted, 2021 also celebrated 50 years of excitement at Tahoe Donner. Half a century of summer hikes, winter ski days, delicious dining and family memories were highlighted. The Board of Directors and the management team are committed to providing members and their guests the superb facilities, quality programming and varied recreational opportunities to continue these unforgettable traditions. With important capital initiatives underway, a growing membership and continued passion for a quality member experience, the celebration of this unique mountain lifestyle will continue for another 50 years.

KERI OBERLY

Please contact us at any time to discuss this report or any other aspect of your Association. Stephen Mahoney Treasurer, Board of Directors smahoney@tahoedonner.com tahoedonner.com/financials

David Mickaelian General Manager dmickaelian@tahoedonner.com

2021

ANNUAL REPORT

$11,173

PER OWNER MEMBER EQUITY A 7% INCREASE FROM 2020

$5.0 MILLION

IN CAPITAL EXPENDITURES

REINVESTING IN YOUR ASSOCIATION, PROTECTING YOUR INVESTMENT CAPITAL DISCUSSION STARTS ON PAGE 10

$3.8 MILLION

IN OPERATING FUND RESERVES

A PROVEN NECESSARY CONTINGENCY FUND BALANCE WITH THE COVID-19 PANDEMIC

$850,213

NET OPERATING SURPLUS TO BUDGET DETAILS ON PAGE 2

VISION STATEMENT Tahoe Donner is a vibrant and desirable mountain community providing attractive and well-maintained facilities, events, programs and leading customer service to its members, guests and public, all while maintaining accessible and healthy natural surroundings.

TAHOE DONNER 2021 ANNUAL REPORT |

$850,213 SURPLUS TO BUDGET

Dear Members,

Net Operating Result Loss of $5.6 million (excluding Annual Assessment Revenue) was $850,213, or 13% favorable to Budget and $403,685, or 8% unfavorable to 2020

The purpose of this Annual Report is to provide a comprehensive report on 2021 financial results. We experienced the ongoing impact of COVID-19 throughout the year, most notably in the first four months of 2021. The consolidated operating revenue for the year fell just 0.24% below Budget. We were able to save on Operating Expenses, finishing the year 5% favorable to Budget.

$13.2 MILLION OPERATING REVENUES 0.26% below Budget and 40% favorable to 2020

$18.8 MILLION OPERATING COSTS

Staffing was a major challenge during the summer months through the end of 2021, which saw seasonal hourly wages increase, along with recruiting and retention incentives that will continue to challenge operations in 2022.

4% favorable to Budget and 29% unfavorable to 2020

$5.0 MILLION CAPITAL FUNDS EXPENDITURES 36% less expenditure to Budget, most notably due to Cross Country Ski Center snowmaking deferral

The Board of Directors, Finance Committee and management regularly monitor both operational and financial results and are committed to responsive and proactive management, balancing our service levels to volume and financial performance.

$6.4 MILLION | $996 PER OWNER

Annual Assessment Contribution to Operating Fund in 2021

$8.1 MILLION | $1,245 PER OWNER

Please contact me anytime to discuss this report or any other financial aspects of your Association.

Annual Assessment Contribution to Capital Fund in 2021

$81.2 MILLION TOTAL ASSETS

TODD MARTYN-JONES DIRECTOR OF FINANCE, ACCOUNTING + BUSINESS SUPPORT tmartynjones@tahoedonner.com | (530) 587-9418

Up $5.4 million, or 7% to 2020

$72.3 MILLION | $11,173 PER OWNER

Members’ Equity as of 12/31/2021, up 7% to 2020

OPERATING FUND

NET OPERATING RESULTS – 2021 VARIANCES TO BUDGET NOR FAVORABLE TO BUDGET $850,213 | 13% | $131.34 PER OWNER JANUARY-APRIL

• Revenues up favorable $266,699, or 5% to Budget.

Great ski conditions with stable weather offering many bluebird days on a good snowpack. F+B operations remained at to-go only, impacting F+B revenues. Visitation at the Downhill Ski Resort was 21% up on Budget while the Cross Country Ski Center was 64% up on Budget.

• Total Operating Expenses (COGS, Payroll and Other Operating Expenses) favorable $754,281, or 12% to Budget.

MAY-SEPTEMBER

• Revenues were $51,947, or 0.9% favorable to Budget.

Golf operations resumed in May and maintained very strong revenue to Budget through August, when forest fire smoke impacted visitation for the remaining two months of operations. Recruiting seasonal employees proved very challenging, most notably in F+B and Golf Maintenance.

• Total Operating Expenses (COGS, Payroll and Other Operating Expenses) were favorable to Budget by $86,527, or 1%.

OCTOBER-DECEMBER

• Revenues were below Budget by $353,331.

Due to a lack of natural snowfall, Cross Country and Downhill ski areas were unable to open until December 19. From opening day to the end of the year, Tahoe Donner received 128-inches of snow, which significantly impacted operations and resulted in several days of closures.

• Total Operating Expenses (COGS, Payroll and Other Operating Expenses) were favorable to Budget by $43,976.

• Net Operating Result favorable $1,020,980, or 88% to Budget.

• Net Operating Result favorable $138,588 to Budget, or 4%.

• Lost revenue due to closures caused by power outages and snow removal was estimated to be $156,000. • Net Operating Result was unfavorable to Budget by $309,355.

REVENUE AND PAYROLL OPERATING REVENUES

2017 $ 13,116,553

2018 $ 13,535,047

2019 $ 14,695,538

2020 $ 9,456,935

2021 $ 13,248,167

EMPLOYEE W-2s ISSUED

924

958

954

695

710

W-2s PER $1,000 REVENUE RATIO

AVERAGE WAGES PER W-2 ISSUED

10,276

10,181

11,086

10,260

10,043

CALIFORNIA MINIMUM WAGE (1)

10.50

11.00

12.00

13.00

14.00

SEASONAL/PART-TIME FTE (3)

133.0

125.0

123.0

79.0

109.0

FULL-TIME REGULAR (2) FTE (3)

82.0

84.0

83.0

62.0

46.0

FTE (3) TOTAL

215.0

209.0

206.0

141.0

155.0

OPERATING REVENUE PER FTE W-2 TO FTE RATIO

61,007 4.3

64,761 4.6

71,338 4.6

67,070 4.9

85,472 4.6

The Association employs a high percentage of entry-level seasonal customer service positions to operate the various amenities of the Association. Due to the ongoing COVID-19 impact, this number was slightly more than 2020, but well down from years prior, as can be seen based on the number of W-2s issued in 2021. (1) California Minimum Wage; increased to $13.00 per hour in 2020 and $14.00 per hour in 2021. (2) The Federal Affordable Care Act of 2010, which impacted the Association starting in 2016, created a federally regulated determination of those employees categorized as 'Full Time' and mandated to be offered health insurance. Prior to this Act, the Association had discretion as to which employees were offered health insurance and categorized full time and which were classified as seasonal employees. (3) Full-Time Equivalents (FTE) as calculated based on a standard of 2,080 work hours per year.

| TAHOE DONNER 2021 ANNUAL REPORT

Chart dollars in thousands

$14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 2020 ACTUAL 2021 BUDGET 2021 ACTUAL OPERATING REVENUE OPERATING PAYROLL 2021 ACTUAL VERSUS BUDGET REVENUE DOWN 0.26%, PAYROLL COSTS DOWN 4% 2021 ACTUAL VERSUS PRIOR YEAR REVENUE UP 40%, PAYROLL COSTS UP 34%

CALIFORNIA MINIMUM WAGE UP $1.00 OR 7% IN 2021 VERSUS 2020

ANNUAL ASSESSMENT

DISTRIBUTION OF 2021 ANNUAL ASSESSMENT

$2,241 PER OWNER DISTRIBUTION OF 2021 ANNUAL ASSESSMENT ($2,241 PER OWNER) $1,000

GRAY BARS ARE PRIOR YEAR 2020 BUDGET ($2,065 IN TOTAL) FOR COMPARISON

$900 33% / $739

$800 $700 $600 $500

$710

22% / $493

$400

20% / $444 15% / $336

$455

$300 $200

$210

$100 $0

$385

10% / $229

$305

HOA SERVICES FOR MEMBERS

HOA FORESTRY + FIRE PREVENTION

PRIVATE AMENITIES

PUBLIC AMENITIES

FUTURE CAPITAL NEEDS

ANNUAL ASSESSMENT OWNER BY FUND ANNUAL ASSESSMENT PER PER OWNER BY FUND $946

2022

$848

$996

2021 2020

2015

2012 2011 $

$200

$695

$400

$695

$360

$400

$600

OPERATING

$800

$30 $25

$1,000

REPLACEMENT RESERVE

COMPOUND ANNUAL GROWTH RATE (CAGR) METRICS 2011-2021

2011-2022

CAPITAL FUNDS

7.0%

7.5%

OPERATING FUND

3.7%

2.8%

TOTAL ASSESSMENT 5.4%

5.3%

10 YEAR

$30

$434

$791

2013

$310 $300 $30

$30 $30

$478

$842

2014

11 YEAR

Accumulating funds over time to address the aging infrastructure needs of your Association, consistent with the General Plan, while striving to minimize the Operating Fund portion of your Assessment.

$250 $250

$335

$30

$546 $526

$994

$250 $250

$250

$2,065 $1,965

$1,900 $1,900

$250

$1,900 $1,800

$1,600

$1,505

$1,375

Capital portion 48% in 2011

$1,330

$1,200

$2,241

$355

$30 $595

$1,074

2016

$30

$620

$975

2017

$30

$720

$940

$2,349

$444

$770

$880

2018

$555

$801

$910

2019

Capital portion 60% in 2022

$1,400

$1,600

$1,800

NEW MACHINERY + EQUIPMENT

$2,000

$2,200

$2,400

DEVELOPMENT

KEY NOTES Capital Funds Portion of Annual Assessment

Operating Fund Portion of Annual Assessment

• The Replacement Reserve Fund portion has been deliberately increased over time to improve the reserve funding level of our 50-year-old Association. Underfunding reserves is considered the bane of many Associations across the country.

• The Operating Fund portion increased in 2015 and 2016 due to the combined pressures of winter droughts impacting operating revenue and payroll cost increases due to California minimum wage increases and the Federal Affordable Care Act impacts.

Tahoe Donner adopted a reserves funding policy and recent Boards have adhered to this policy. The Association’s reserves are now in a much stronger financial position to handle the replacement and major maintenance needs of the Association’s assets. • The Development Fund portion was held at $250 for six years (2011-2016) and the Association is now increasing it to recognize the known future funding requirements. This funding is for eventual building replacements, such as the Downhill Ski Lodge, due to functional obsolescence, and for new facilities or other new major projects due to the changing needs of membership. More Capital Funds historical information on pages 10-11

• For 2020, the Operating Fund portion was increased by $30 per owner to offset minimum wage increases and other operating costs. • For 2021, the Operating Fund portion was increased by $86 per owner to offset minimum wage increases and a 23% increase in liability insurance; there was no Assessment increase to the New Machinery + Equipment Fund. • For 2022, the Operating Fund portion decreased $50 per owner due to projected strong revenue at the Golf, Downhill and Cross Country operations, while the Association absorbed further insurance and payroll costs. More Operating Fund historical information on page 4

TAHOE DONNER 2021 ANNUAL REPORT |

OPERATING FUND

CAGR = COMPOUND ANNUAL GROWTH RATE

OPERATING FUND ACTUAL ACTUALRESULTS RESULTS $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 ($5,000,000) ($10,000,000) ($15,000,000) ($20,000,000)

2011

2012

2013

2014

OPERATING REVENUES

2015

2016

OPERATING COSTS

2017

2018

2019

2020

2021

NET OPERATING RESULTS

Revenue finished the year $34,662 unfavorable to Budget, while considerable savings to Budget were realized in Operating Expenses, most notably in Payroll costs and Supplies and Maintenance. NOTE: Each year is subject to volatility due to weather and other variables. See page 28 for Budget growth information.

OPERATING FUND MEMBERS’ EQUITY OPERATING FUND

ACCUMULATED NET RESULTS NET RESULTS, CONTINGENCY OPERATING FUND ACCUMULATED $5,000,000

+ $801,000 favorable results in 2019 - $1,000,000 transfer to Replacement Reserve Fund

$4,000,000

- $199,000 2019 change in Operating Fund equity

$153,679 (A)

+ $696,534 favorable results in 2020

$3,000,000 $2,000,000

- $

0 transfer to Development Fund

+ $696,534 2020 change in Operating Fund equity + $850,213 favorable results in 2021 - $696,534 transfer to Development Fund $153,679 (A) 2021 change in Operating Fund equity

$1,000,000 $0

2011

2012

2013

FROM THE 2011 BUDGET TO THE 2021 BUDGET 10-YEAR CAGR 4.3% OPERATING REVENUE GROWTH 3.5% OPERATING COSTS GROWTH 1.8% NET OPERATING RESULT LOSS (THIS LOSS EQUATES TO THE PORTION FUNDED BY THE ANNUAL ASSESSMENT) See page 28 for more Budget Growth Information

| TAHOE DONNER 2021 ANNUAL REPORT

2014

2015

2016

2017

Costs are greater than Operating Revenues (every year) though Costs have grown at a lower growth rate. Therefore, the resulting NOR Loss growth rate is lower than both Revenue and Cost growth rates.

2018

2019

2020

2021

FOR 2022 BUDGET The 2022 Budget was prepared assuming that Association operations would return to a pre-COVID-19 status with little impact on the financial results.

NET RESULTS AFTER REPLACEMENT RESERVES CAPITAL CHARGE

CHART DOLLARS IN THOUSANDS

BY DEPARTMENT

-122.002 -214.457 -77.122

Net Operating Result (NOR) is defined as operating revenues less cost of goods sold and operating payroll and expenses.

BEACH CLUB MARINA

204.912

-37.923

80.316

Net Results after Replacement Reserves Capital Charge is NOR plus a Replacement Reserve Capital Charge (presented in this chart).

-343.495 -1,318.742 -828.671

Refer to pages 6 and 7 for additional details.

2021 ACTUAL -$10,780,474 2021 BUDGET -$11,627,408

ALDER CREEK CAFE

-172.797 -21.881 -83.570

PIZZA ON THE HILL

-9.840 -60.489

THE LODGE, SUMMER LUNCH + GOLF FOOD SERVICE

-986.764 -624.628 -907.679

THE LODGE, DINING + BANQUETS

167.978 90.251 25.372

CROSS COUNTRY SKI CENTER

368.622 84.426 105.108

TRAILS

-243.727 -173.295 -221.286

EQUESTRIAN CENTER

-1,005.634 -1,222.448 -1,437.529 180.122

AMENITIES HOA + ADMINISTRATION

-$2,750

-$2,500

-$2,250

-$2,000

-$1,750

-$1,500

-$1,250

-$1,000

-$750

-$500

-$250 NEGATIVE

BIKEWORKS

-428.779 -499.143 -315.369

-34.479 -42.456 -32.126

SNOWPLAY

TROUT CREEK RECREATION CENTER / AQUATICS / DAY CAMPS / RECREATION PROGRAMS

-124.514 -54.196 -158.865

-21.956

5.773 19.854

2020 ACTUAL -$10,178,211

TENNIS CENTER

CAMPGROUND

GOLF COURSE

-335.567 -239.429

DOWNHILL SKI RESORT

-122.055 -315.607 -41.126

ARCHITECTURAL + MEMBER SERVICES

-1,440.623 -1,728.550 -1,680.352

FORESTRY, DEFENSIBLE + OPEN SPACE

-1,127.857 -1,137.862 -995.905

GENERAL HOMEOWNERS ASSOCIATION

$250

$500

POSITIVE

TAHOE DONNER 2021 ANNUAL REPORT |

OPERATING FUND RESULTS

2021 DEPARTMENTAL SUMMARY 2021 OPERATING FUND GROSS REVENUE

AMOUNTS INCLUDING

OPERATING COSTS TOTAL

NET OPERATING RESULT

CONTRIBUTION TO REPLACEMENT RESERVE FUND

-1,093,582

$ 157,276

$ -507,593

2021 NET RESULTS AFTER RRF

PRIVATE AMENITIES Trout Creek Rec Center + Aquatics

1,250,858

-350,317

Beach Club Marina

748,130

-441,324

306,806

-101,894

204,912

Tennis Center

402,909

-372,759

30,150

-152,152

-122,002

32,206

-94,616

-62,410

309,645

-240,413

69,232

2,743,748

-2,242,694

501,054

-761,639

-260,585

Golf Course

1,536,980

-1,500,364

36,616

-1,042,250

-1,005,634

Downhill Ski Resort

3,731,123

-2,536,573

1,194,550

-1,014,428

180,122

Cross Country Ski Center

Recreation Programs Day Camps TOTAL PRIVATE AMENITIES

PUBLIC AMENITIES

1,590,310

-904,281

686,029

-317,407

368,622

Snowplay

311,594

-133,537

178,057

-10,079

167,978

Campground

116,461

-96,311

20,150

-54,629

-34,479

Equestrian Center

140,341

-297,301

-156,960

-86,767

-243,727

Trails Bikeworks The Lodge, Dining + Banquets

396

-174,799

-174,403

-254,376

-428,779

143,339

-160,457

-17,118

-4,838

-21,956

1,647,100

-2,287,432

-640,332

-346,432

-986,764

The Lodge, Summer Lunch + 204,860

-214,700

-9,840

Pizza on the Hill

19,240

-154,369

-135,129

-37,668

-172,797

Alder Creek Cafe

197,118

-308,898

-111,780

-12,734

-124,514

9,638,862

-8,769,021

869,841

-3,181,608

-2,311,767

12,382,610

-11,011,715

1,370,895

-3,943,247

-2,572,352

-554,328

-573,529

-1,127,857

Architectural Standards Office

283,675

-405,730

-122,055

Forestry, Defensible + Open Space

141,248

-1,393,793

-1,252,545

-188,078

-1,440,623

424,923

-2,353,851

-1,928,928

-761,607

-2,690,535

267,066

-755,903

-488,837

-384,101

-13,790

-397,891

145,854

-1,406,103

-1,260,249

Information Technology

-703,080

-156,751

-859,831

Accounting + Finance

-827,651

-827,649

Human Resources

-458,120

Member Services

27,712

-328,301

-300,589

Golf Food Service

TOTAL PUBLIC AMENITIES

TOTAL AMENITIES HOMEOWNERS ASSOCIATION General HOA

TOTAL HOA

AMENITY + HOA SUPPORT SERVICES Communications Facility Administration + Risk Management Administration

Maintenance TOTAL SUPPORT SERVICES TOTAL OPERATING RESULTS Assessment Revenues

TOTAL OPERATING FUND

| TAHOE DONNER 2021 ANNUAL REPORT

-616,237

-308,184

-924,421

440,634

-5,479,496

-5,038,862

-478,725

-5,517,587

13,248,167

-18,845,062

-5,596,895

-5,183,579

-10,780,474

6,447,108

19,695,275

$ -18,845,062

6,447,108 $

850,213

6,447,108

-5,183,579

$ -4,333,366

YEAR ENDING DECEMBER 31, 2021 REPLACEMENT RESERVE CAPITAL CONTRIBUTION 2021 PER PROPERTY 6,473

-54

2020 PER PROPERTY 6,473

-105

2021 BUDGET

2021 VS BUDGET

88,573

68,703

2021 VS 2020

2021 NOR VERSUS PRIOR YEAR 2020 ACTUAL

-142,157

2021 VS 2020

299,433

306,363

443

211,316

95,490

-19

-12

-7

43,616

-13,466

95,878

-65,728

-10

-17

-70,410

8,000

-38,143

-24,267

-7

153,037

-83,805

-19,371

88,603

-40

-129

521,179

-20,125

107,523

393,531

-155

-222

-180,198

216,814

-529,529

566,145

-37

678,861

515,689

940,571

253,979

401,833

284,196

480,108

205,921

169,667

8,390

51,372

126,685

-5

12,173

7,977

34,874

-14,724

-38

-34

-4

-86,528

-70,432

-111,286

-45,674

-66

-49

-17

-244,767

70,364

-104,369

-70,034

-3

-6

10,611

-27,729

30,854

-47,972

-152

-140

-12

-249,527

-390,805

-422,222

-218,110

-2

-9

-28,669

18,829

-36,766

26,926

-27

-13

-14

15,787

-150,916

-18,750

-116,379

-19

-25

-41,462

-70,318

-127,865

16,085

-357

-511

154

457,781

412,060

186,992

682,849

-397

-640

243

978,960

391,935

294,515

1,076,380

-174

-154

-20

-761,333

207,005

-700,905

146,577

-19

-6

-13

-315,607

193,552

-15,126

-106,929

-223

-260

-1,540,472

287,927

-1,442,352

189,807

-416

-420

-2,617,412

688,484

-2,158,383

229,455

-76

-56

-527,920

39,083

-362,551

-126,286

-61

-18

-274,802

-109,299

-117,092

-267,009

-195

-72

-902,040

-358,209

-466,205

-794,044

-133

-93

-773,896

70,816

-602,876

-100,204

-128

-106

-893,012

65,363

-684,358

-143,291

-71

-51

-459,940

1,820

-329,913

-128,207

-46

-32

-233,358

-67,231

-206,724

-93,865

-143

-86

-743,688

127,451

-559,624

-56,613

-852

-514

-4,808,656

-230,206

-3,329,343

-1,709,519

-813

-1,060

247

-6,447,108

850,213

-5,193,211

-403,684

1,680

-684

6,447,108

620

$ -437

850,213

996 $

2021 NOR VERSUS BUDGET

183

5,889,745 $

696,534

557,363 $

153,679

SEE PAGES 8-9 FOR RESULTS BY DEPARTMENT HIGHLIGHTS TAHOE DONNER 2021 ANNUAL REPORT |

OPERATING FUND RESULTS

2021 HIGHLIGHTS VERSUS BUDGET FAVORABLE VARIANCE TO BUDGET

UNFAVORABLE VARIANCE TO BUDGET

NOR = Net Operating Results. NOR is defined as the net result of operating revenues less cost of goods sold, operating payroll and expenses and any overhead allocation.

PUBLIC AMENITIES DOWNHILL SKI RESORT

THE LODGE

SNOWPLAY

NOR $ 1,194,550

NOR LOSS ($640,332)

NOR $178,057

FAVORABLE $515,689 / 76% TO BUDGET

UNFAVORABLE -$390,805 / 157% TO BUDGET

FAVORABLE $8,390 / 5% TO BUDGET

Season pass sales were strong. Outdoor dining and private lessons were available only from January through March. Only one major storm at the end of January and during the holiday period in December interrupted bluebird days. Expense savings were $199,000 in ski school payroll; $76,000 in F+B payroll; $58,000 in rental payroll; $70,000 in employee housing; $45,000 in downhill marketing; $81,000 in snowmaking.

COVID-19 restricted operations to takeout only during the first quarter. Revenue of $279,000 was below Budget for the year. Payroll challenges resulted in 11% expense over Budget. Operating expenses were $3,900 over Budget.

Revenue was $28,000, or 8% unfavorable to Budget. Labor savings were $35,000, or 32%.

NOR LOSS ($156,960)

PIZZA ON THE HILL NOR LOSS ($135,129)

TRAILS NOR LOSS ($174,403) FAVORABLE $70,364 / 29% TO BUDGET Savings of $73,000 in payroll expenses were due to a local labor shortage.

EQUESTRIAN CENTER

UNFAVORABLE -$150,916 / 956% TO BUDGET Pizza on the Hill was closed for the summer due to labor shortages and reopened in mid-December. Salaried employees were expensed to Pizza on the Hill as they assisted throughout all F+B operations in 2021.

UNFAVORABLE -$70,432 / 81% TO BUDGET Revenue was within $3,300, or 2% to Budget. Hourly wages fell $47,000 below Budget. Feed/hay cost increased significantly compared to the prior year.

SUMMER F+B NOR LOSS ($9,840) FAVORABLE $18,829 / 66% TO BUDGET

GOLF COURSE NOR $36,616 FAVORABLE $216,814 / 120% TO BUDGET A successful reopening after the greens replacement included strong visitation with revenue favorable to Budget by $437,000, or 40%. Credit card fees were $15,000, or 66% greater than Budget due to higher revenue. Course watering expense was $23,000, or 43% above Budget due to very dry summer conditions.

CAMPGROUND NOR $20,150 FAVORABLE $7,977 / 66% TO BUDGET Revenue was up $11,000, or 11% to Budget. Disposal expenses and electricity were unfavorable to Budget, as were credit card fees, due to higher revenue.

CROSS COUNTRY SKI CENTER NOR $686,029 FAVORABLE $284,196 / 71% TO BUDGET

BIKEWORKS NOR LOSS ($17,118) UNFAVORABLE -$27,729 / 261% TO BUDGET Revenues were $16,000, or 12% above Budget. No seasonal hourly labor was budgeted, incurring $34,000 of nonbudgeted expense.

| TAHOE DONNER 2020 2021 ANNUAL REPORT

Record season pass sales and strong visitation numbers contributed to strong positive results. Payroll savings were $50,000. Snowcat maintenance savings resulted in $31,000 due to the low-snowfall season.

Revenue was $38,000, or 23% above Budget. Food costs were $9,300 adverse to Budget. Payroll was $36,000, or 43% unfavorable to Budget. Operational savings were $26,000.

ALDER CREEK CAFE NOR LOSS ($111,780) UNFAVORABLE -$70,318 / 170% TO BUDGET Reduced operations due to COVID-19 impacted the first quarter of 2021. Revenue was $230,000 below Budget. Payroll savings resulted in $104,000.

PRIVATE AMENITIES

SUPPORT SERVICES

TROUT CREEK REC CENTER + AQUATICS

I.T., FINANCE + HUMAN RESOURCES

NOR $157,276

NOR LOSS ($1,988,849)

FAVORABLE $68,703 / 78% TO BUDGET

FAVORABLE $137,999 / 6% TO BUDGET

TROUT CREEK REC CENTER: Mask requirements impacted revenues, which finished the year $130,000 below Budget. Payroll savings were $167,000.

Payroll savings occurred within all three departments due to unfilled positions for part of the year.

AQUATICS: Performance was on budget for the year.

TENNIS CENTER NOR $30,150 UNFAVORABLE -$13,466 / 31% TO BUDGET Strong visitation and revenue ended above Budget $103,000, or 34%. No seasonal labor or instructor commissions were budgeted. The total nonbudgeted expense was $159,000.

ARCHITECTURAL STANDARDS OFFICE NOR LOSS ($122,055) FAVORABLE $193,552 / 61% TO BUDGET ASO and transfer fees of $51,000 were favorable to Budget. Payroll savings of $47,000 and contract fee savings were $55,000. ASO moved out of Northwoods Clubhouse in August.

FORESTRY BEACH CLUB MARINA NOR $306,806 FAVORABLE $443 / 0% TO BUDGET Revenue fell short of Budget by $12,000, or 1.5%. Wildfire smoke negatively impacted the marina between mid-August and Labor Day Weekend. Labor savings were $24,000, or 8%.

RECREATION PROGRAMS NOR LOSS ($62,410) FAVORABLE $8,000 / 11% TO BUDGET

NOR LOSS ($1,252,545) FAVORABLE $287,927 / 19% TO BUDGET Strong timber sales generated $87,000, or 162% to Budget. Summer positions were unable to be filled, creating payroll savings of $161,000.

COMMUNICATIONS NOR LOSS ($488,837) FAVORABLE $39,083 / 7% TO BUDGET Advertising revenue increased $57,000, or 27%. Printing and survey costs were $60,000 greater than Budget.

The Summer Concert on the Green was canceled due to COVID-19. Other programs recognized a $9,000 operating profit.

DAY CAMPS NOR $69,232 KATEY HAMILL

UNFAVORABLE -$83,805 / 55% TO BUDGET Very strong demand resulted in revenue favorable to Budget by $65,000, or 27%. No seasonal labor was budgeted, resulting in $146,000 of nonbudgeted expenses.

TAHOE DONNER 2020 2021 ANNUAL REPORT |

CAPITAL RESERVES

REPLACEMENT RESERVE FUND REPLACEMENT RESERVE FUND

MEMBERS EQUITY BALANCE) AND PERCENT FUNDED MEMBERS’ EQUITY(FUND (YEAR-END FUND BALANCE) + PERCENT FUNDED 45% 38%

$16,000,000 $14,000,000 $12,000,000

34%

33%

27%

25%

$10,000,000 19%

$8,000,000

26%

35%

32% 29%

28%

40%

30% 25%

19%

20%

$6,000,000

15%

$4,000,000

10%

$2,000,000

2011

2012

2013

2014

2015

• The Replacement Reserve Fund is the capital reserve fund for existing asset components of the Association. This is a savings fund utilized to replace and preserve assets of the Association as they depreciate over time. There are over 2,000 components in the reserve study, which is updated every year. A complete physical inspection of all components is performed every three years. • The Association has a Replacement Reserve Fund policy that provides for a target minimum of 25% funded.* • The reserve study does not include the replacement of existing buildings. Funding for the replacement of existing buildings comes from the Development Fund, seen below.

2016

2017

2018

2019

2020

2021

PERCENT FUNDED*

YEAR-END MEMBERS’ EQUITY BALANCE

$18,000,000

• The funding level from the Annual Assessment generally needs to increase each year to keep pace with, or exceed, the rate of inflation. • The Association has a fiduciary duty to adequately reserve for the preservation of assets, which ultimately protects property values. • The Board of Directors approved $500,000 (2018) and $1,000,000 (2019) transfers from Operating Fund surpluses to this fund. • The 2021 assessment funding level was $801 per owner, or $5,184,873, an increase of 4% over 2020. • The 2022 assessment funding level was $848 per owner, or $5,489,104, an increase of 6% over 2021.

*Percent (%) Funded is the measure of the current fund balance to the current value of all future replacement costs from the Reserve Study (refer to the 2022 Budget Report for more information on the Reserve Schedule).

DEVELOPMENT FUND DEVELOPMENT FUND

MEMBERS’ EQUITY (YEAR-END FUND BALANCE) MEMBERS EQUITY (FUND BALANCE) $12,000,000 $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0

2011

2012

2013

2014

2015

• The Development Fund was established as authorized in the governing documents of the Association to accumulate funds for large-scale projects identified as necessary due to the new capacity requirements or changing needs of the Association. • Management, the Board and the newly-established Long-Range Planning Committee guide the prioritization of the numerous projects identified for Development Fund expenditure. The list of projects is actively being

| TAHOE DONNER 2021 ANNUAL REPORT

2016

2017

2018

2019

2020

2021

updated, including numerous open member meetings and articles in the Tahoe Donner News magazine and online at tahoedonner.com. • Replacement of the Downhill Ski lodge is the principal project for which funds are being accumulated. • The 2021 assessment funding level was $444 per owner, or $2,874,012, an increase of 25% over 2020. • The 2022 assessment funding level was $555 per owner, or $3,592,515, an increase of 25% over 2021.

CAPITAL EXPENDITURES

CAPITALFUNDS FUNDS CAPITAL EXPENDITURES YEAR EXPENDITURES BYBY YEAR

10-YEAR 10 YEARTOTAL TOTAL==$52.6 $52.6MILLION MILLION

$9,000,000 $8,000,000

8.0M

$7,000,000 6.1M

$6,000,000

5.4M

$5,000,000

4.1M

$4,000,000

5.3M

5.0M

4.4M 3.9M

$3,000,000 $2,000,000 $1,000,000 $0

2012

2013

2014

2015

REPLACEMENT RESERVE FUND

Ten-year total spend of $52.6 million equates to an average of $5.26 million in Capital Fund expenditures per year. The 10-year average of depreciation expense is $2.9 million per year for a total of $29.0 million. Note that many older assets are fully depreciated and now have no annual depreciation expense. The net effect is a growth in net fixed assets. Net fixed assets grew from $27.6 million at the end of 2011 to $43.1 million at the end of 2021. Your Association has invested in fixed assets to improve member enjoyment and protect home values. THE BOARD HAS A FIDUCIARY

RESPONSIBILITY (BY LAW) TO DO WHAT IS BEST FOR THE ASSOCIATION, BOTH

2016

2017

2018

DEVELOPMENT FUND

2019

CAPITAL INVESTMENT OVER THE 10 YEARS INCLUDES:

$33.4 million in replacement and major repairs of existing assets (per reserve study plan) $3.3 million per year 10-year average, maintaining existing asset components (depreciation average is $2.7 million)

$2.7 million per year first 5 years average, maintaining existing asset components $3.9 million per year second 5 years average, maintaining existing asset components The increase from 2011-2016 to the 2017-2021 average is due to the overall aging of assets, the impact of Development Fund projects on related reserve components, the 2018 replacement of Snowbird Chairlift for $1.4 million, as well as the Downhill Ski Lodge and Cross Country Ski Center snowmaking investments.

$17.8 million in Development Fund capital investments, including: Alder Creek Adventure Center building (2014-2015) Downhill Ski Area snowmaking investment (2015) Solar projects at three locations (2015-2016) Equestrian campus relocation and upgrades (2015-2016-2017)

TO PAY FOR THE DEPRECIATION OF

Alder Creek Adventure Center exterior storage building (2017)

ASSOCIATION ASSETS, NOT TO DEFER THE BURDEN TO FUTURE OWNERS. PROPERLY MAINTAINING OUR ASSETS PROTECTS OWNERS’ PROPERTY VALUES.

2021

NEW MACHINERY + EQUIPMENT FUND

NOW AND FOR THE FUTURE. CURRENT OWNERS HAVE THE RESPONSIBILITY

2020

Crabtree Canyon land – 640 acres (2016) Equestrian campus improvements, Eagle Rock Chairlift building improvements (2018) Trout Creek Recreation Center building expansion (2019-2020) Bermgarten Trailhead paving (2020) Downhill Ski Lodge professional services, Cross Country Ski Center snowmaking (2021)

$1.5 million in New Machinery + Equipment Fund capital investments $155,000 per-year average

TAHOE DONNER 2021 ANNUAL REPORT |

CAPITAL FUNDS REPLACEMENT RESERVE FUND

38% FUNDED The ratio of the Replacement Reserve Fund balance as of December 31, 2021 and the Replacement Reserve Components current replacement cost estimate (100% Funded Allocation Method) for December 31, 2021. See page 10 for by-year trends.

$3.7 MILLION | 2021 Expenditures • $575,000 INFORMATION TECHNOLOGY hardware and software • $390,000 TROUT CREEK RECREATION CENTER asphalt resurfacing • $353,000 GOLF COURSE backhoe loader, bridge repairs, irrigation repairs and walk-behind mowers • $192,000 TROUT CREEK RECREATION CENTER remodel rolled over from 2020 • $123,000 TENNIS court resurfacing and repair and playmate ball machine The Replacement Reserve Fund is used to account for financial resources designated for the repair, restoration, replacement or maintenance of, or litigation involving repair, restoration, replacement or maintenance of, major components that the Association is obligated by state law and sound business practices to repair, restore, replace or maintain. A 30-year reserve funding and expenditure plan is produced every three years, and updated annually, to schedule and analyze the funding and expenditure needs. Over 2,000 individual items are tracked in this plan, with a current replacement value of $66 million. An updated Reserve Study will take place in 2022, led by our Reserve Specialist and staff. The study reviews all the major common area components and provides an update on their estimated remaining useful life. The year-end fund balance increased by $1.7 million, or 13%. The balance fluctuates each year due to funding level from

| TAHOE DONNER 2021 ANNUAL REPORT

assessment and transfers, if any, as well as expenditures each year, in accordance with the 30-year reserve study.

DEVELOPMENT FUND $1.2 MILLION | 2021 Expenditures • $478,000 CROSS COUNTRY SKI snowmaking project • $271,000 DOWNHILL SKI lodge planning costs • $72,000 SNOWPLAY snowmaking installation and soft costs • $51,000 TRAILS trailhead boardwalk and trail restoration soft costs The Development Fund is specifically intended for and authorized in the governing documents of the Association. The Development Fund was established to accumulate funds for use in the development of, and additions to, facilities identified by the Board as necessary due to new capacity requirements of the Association or changing needs of the community. The Development Fund includes funds accumulated for the specific purpose of replacing existing buildings, as only certain components of buildings are in the Replacement Reserve study. The assessment contribution for 2021 was $2,874,012, or $444 per owner. The year-end fund balance increased by $1.6 million, or 19%. Savings in this fund are primarily for the replacement of the aging (50-year-old) Downhill Ski lodge and Northwoods Clubhouse.

NEW MACHINERY + EQUIPMENT FUND $56,000 | 2021 Expenditures • $16,000 GOLF OPERATIONS Sand Pro® groomer with rake attachment • $11,000 TRAILS / FORESTRY GPS and software • $7,000 FOOD AND BEVERAGE donut machine for TD Eats The New Machinery + Equipment Fund is used to account for financial resources designated for the acquisition of new assets identified as necessary for the Association to be more efficient in operations or to provide new services to the membership. There was no assessment contribution for 2021. The year-end fund balance of $299,000 decreased by $56,000, or 16%, compared to prior year end.

PROPERTY FUND The Property Fund is used to account for the Association’s investment in its fixed assets. Capital additions to fixed assets totaled $6.3 million (in 2020, $4.3 million). Depreciation expense for the year totaled $3.0 million (in 2020, $3.0 million). Total gross fixed asset value of $89.1 million equates to $13,763 per owner and net book value of fixed assets and construction in progress of $43.1 million equates to $6,658 per owner (an increase of $111 to 2020).

CAPITAL FUNDS SUMMARY YEAR ENDING DECEMBER 31, 2021

2021 ACTUAL

2021 BUDGET

2021 ACTUAL VS 2021 BUDGET

2020 ACTUAL

2021 ACTUAL VS 2020 ACTUAL

REPLACEMENT RESERVE FUND $

Beginning Fund Balance Assessment Contribution Interest Revenue

1,128,074

13,128,074

$ 12,000,000

5,184,873

4,985,000

199,873

115,267

211,444

(96,177)

166,496

(51,229)

12,827,511

300,563

45,425

(216,951)

262,376

(57,813)

103,238

(942,969)

(1,159,390)

216,421

(970,962)

27,993

(2,732,862)

(4,825,541)

2,092,679

(3,822,158)

1,089,296

1,669,734

(805,565)

2,475,299

300,563

1,369,171

$ 14,797,808

$ 11,194,435

$ 3,603,373

$ 13,128,074

$ 1,669,734

354,656

321,503

33,153

207,674

146,982

194,000

(194,000)

4,823

(4,781)

2,661

(2,619)

Other Revenue + Expense, Net

Major Maintenance + Fund Expenses

(56,178)

(80,000)

23,822

(49,679)

(6,499)

(56,136)

(75,177)

19,041

146,982

(203,118)

Operating Fund Transfer In Other Revenue + Expense, Net Major Maintenance + Fund Expenses Expenditures for Capital Additions Change in Fund Balance ENDING FUND BALANCE

NEW MACHINERY + EQUIPMENT FUND Beginning Fund Balance Assessment Contribution Interest Revenue

Expenditures for Capital Additions Change in Fund Balance $

ENDING FUND BALANCE

298,520

246,326

52,194

354,656

(56,136)

DEVELOPMENT FUND Beginning Fund Balance

8,643,940

8,273,666

370,274

6,787,250

1,856,690

Assessment Contribution

2,874,012

2,298,000

576,012

59,310

82,737

(23,427)

114,175

(54,865)

696,534

Interest Revenue Operating Surplus Transfer In * Other Revenue + Expense, Net Fund Expenses Expenditures for Capital Additions Change in Fund Balance ENDING FUND BALANCE

CAPITAL FUND TOTALS

(5,086)

(9,493)

4,407

(129,517)

124,431

(125,024)

(118,024)

(7,000)

(125,024)

(1,111,902)

(1,856,696)

744,794

(425,968)

(685,934)

2,387,844

972,536

1,415,308

1,856,690

531,154

$ 11,031,784

$ 9,246,202

$ 1,785,582

8,643,940

$ 2,387,844

SEE PAGE 26 FOR SCHEDULE OF SPEND BY DEPARTMENT

Major Maintenance + Fund Expenses

(1,067,993)

(6,762,237)

5,694,244

(970,962)

(97,031)

Expenditures for Capital Additions

(3,900,942)

(1,159,390)

(2,741,552)

(4,297,805)

396,863

$ (4,968,935)

$ (7,921,627)

$ 2,952,692

$ (5,268,767)

TOTAL

299,832

The variance between Actual and Budget capital expenditures is primarily driven by the timing of projects between years, weather delays, contractor availability and deferrals due to COVID-19. * Board approved transfer in December 2021, funds transferred in 2022

The Board has a fiduciary responsibility (by law) to do what is best for the Association both now and for the future. Current owners have the responsibility to pay for the depreciation of Association assets, not defer the burden to future owners. Properly maintaining our assets protects owners’ property values. TAHOE DONNER 2021 ANNUAL REPORT |

INDEPENDENT AUDITORS’ REPORT TO THE BOARD OF DIRECTORS TAHOE DONNER ASSOCIATION

OPINION We have audited the accompanying financial statements of Tahoe Donner Association, which comprise the balance sheet as of December 31, 2021, and the related statements of revenues and expenses and changes in fund balances and cash flows for the year then ended, and the related notes to the financial statements. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Tahoe Donner Association as of December 31, 2021, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. BASIS FOR OPINION We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Tahoe Donner Association and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. RESPONSIBILITIES OF MANAGEMENT FOR THE FINANCIAL STATEMENTS Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Tahoe Donner Association’s ability to continue as a going concern within one year after the date that the financial statements are available to be issued. AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements, including omissions, are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include

| TAHOE DONNER 2021 ANNUAL REPORT

examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Tahoe Donner Association’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Tahoe Donner Association’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. DISCLAIMER OF OPINION ON REQUIRED SUPPLEMENTARY INFORMATION Accounting principles generally accepted in the United States of America require that Required Supplementary Information on Future Major Repairs and Replacements on page 27 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Financial Accounting Standards Board, which considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. OTHER INFORMATION The information included on pages 24-26 is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the audit procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. COMPARATIVE INFORMATION Information for the year ended December 31, 2020 is presented for comparative purposes only and was extracted from the financial statements presented for that year, on which we expressed an unmodified opinion on our report dated April 13, 2021.

McCLINTOCK ACCOUNTANCY CORPORATION TAHOE CITY, CALIFORNIA APRIL 13, 2022

Exhibit A

TAHOE DONNER ASSOCIATION BALANCE SHEET

FOR THE YEAR ENDED DECEMBER 31, 2021 (WITH COMPARATIVE TOTALS FOR 2020)

OPERATING FUND

REPLACEMENT RESERVE FUND

NEW DEVELOPMENT EQUIPMENT FUND FUND

PROPERTY FUND

TOTAL 2021

TOTAL 2020

ASSETS Cash and cash equivalents, unrestricted (Note 4)

$ 8,575,802

-0-

$ 8,575,802 $

5,491,032

Cash and cash equivalents, designated and restricted (Note 4)

243,852

11,018,494

315,824

8,453,349

-0-

20,031,519

2,505,280

499,989

-0-

499,989

1,632,827

-0-

4,610,531

-0-

2,148,054

-0-

6,758,585

21,891,212

9,319,643

15,629,025

315,824

10,601,403

-0-

35,865,895

31,520,351

288,048

-0-

288,048

245,507

Investments, unrestricted (Note 4) Investments, designated and restricted (Note 4)

Assessments and other member receivables, less allowance for doubtful accounts of $104,373 in 2021 and $75,213 in 2020 Other receivables Inventory Prepaid expenses and other assets Due from (to) other funds Property and equipment, net (Note 5)

TOTAL ASSETS

67,949

37,857

-0-

18,302

-0-

124,108

25,104

342,115

-0-

342,115

321,967

1,419,162

42,522

-0-

2,056

-0-

1,463,740

1,274,413

(1,958,386)

631,157

(17,304)

1,344,533

-0-

43,098,937

42,380,585

298,520 $ 11,966,294 $ 43,098,937 $ 81,182,843

$ 75,767,927

9,478,531 $ 16,340,561

LIABILITIES AND FUND BALANCES Liabilities Accounts payable

479,613 $

115,335

-0- $

1,350

-0- $

596,298 $

219,371

Accrued liabilities

1,260,186

-0-

1,260,186

1,110,001

Deferred revenue

4,253,305

1,427,418

-0-

933,160

-0-

6,613,883

6,684,163

392,760

-0-

392,760

308,151

TOTAL LIABILITIES

6,385,864

1,542,753

-0-

934,510

-0-

8,863,127

8,321,686

Fund Balances - Exhibit B

3,092,667

14,797,808

298,520

11,031,784

43,098,937

72,319,716

67,446,241

298,520 $ 11,966,294 $ 43,098,937 $ 81,182,843

$ 75,767,927

Deposits from members

TOTAL LIABILITIES AND FUND BALANCES

9,478,531 $ 16,340,561

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. TAHOE DONNER 2021 ANNUAL REPORT |

Exhibit B

TAHOE DONNER ASSOCIATION

STATEMENTS OF REVENUE AND EXPENSES AND CHANGES IN FUND BALANCES

FOR THE YEAR ENDED DECEMBER 31, 2021 (WITH COMPARATIVE TOTALS FOR 2020) OPERATING FUND

REVENUE

Members' assessments Downhill ski Snowplay The Lodge and Summer F&B Cross country center Trout Creek recreation center and aquatics Marina Golf course Alder Creek Cafe Pizza on the Hill Tennis Day Camps Equestrian Recreation Campground Bikeworks Trails Communications Architectural standards Forestry Interest income Late charges, handling, transfer fees, and other fees Miscellaneous income TOTAL REVENUE

REPLACEMENT RESERVE FUND

6,447,108 3,731,124 311,594 1,851,959 1,590,310 1,250,858 748,130 1,536,980 197,118 19,240 402,909 309,645 140,341 32,206 116,461 143,339 396 267,066 283,675 141,248 2,561 114,055 56,952 19,695,275

NEW EQUIPMENT FUND

5,184,873 -0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0115,267 -0-05,300,140

-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-046 -0-046

DEVELOPMENT FUND

2,874,012 -0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-059,310 -0-02,933,322

PROPERTY FUND

-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-

TOTAL 2021

14,505,993 3,731,124 311,594 1,851,959 1,590,310 1,250,858 748,130 1,536,980 197,118 19,240 402,909 309,645 140,341 32,206 116,461 143,339 396 267,066 283,675 141,248 177,184 114,055 56,952 27,928,783

TOTAL 2020

13,366,745 3,461,292 153,021 1,305,051 1,265,594 668,271 464,555 86,618 349,064 -0352,122 1,534 78,689 -0119,887 172,179 1,127 240,013 325,269 173,372 351,845 132,908 43,510 23,112,666

OPERATING EXPENSES

Downhill ski (cost of sales of $111,714 in 2021 and $102,458 in 2020) Snowplay (cost of sales of $684 in 2021 and $198 in 2020) The Lodge and Summer F&B (cost of sales of $611,956 in 2021 and $431,666 in 2020) Cross country center (cost of sales of $103,497 in 2021 and $70,892 in 2020) Trout Creek recreation center and aquatics (cost of sales of $17,348 in 2021 and $4,975 in 2020) Marina (cost of sales of $54,585 in 2021 and $13,138 in 2020) Golf course (cost of sales of $57,805 in 2021 and $411 in 2020) Alder Creek Cafe (cost of sales of $66,180 in 2021 and $116,757 in 2020) Pizza on the Hill (cost of sales of $18,592 in 2021 and $-0- in 2020) Tennis (cost of sales of $28,830 in 2021 and $28,553 in 2020) Day Camps Equestrian (cost of sales of $1,164 in 2021 and $-0- in 2020) Recreation (cost of sales of $1,106 in 2021 and $24 in 2020) Campground Bikeworks (cost of sales of $30,591 in 2021 and $57,360 in 2020) Trails Communications Architectural standards Forestry Homeowners’ association operating expenses and G&A TOTAL OPERATING EXPENSES

2,536,574 133,537

31,352 -0-

-0-0-

2,567,926 133,537

2,529,674 101,649

2,502,131

-0-

2,502,131

1,781,237

904,281

39,754

-0-

944,035

821,781

1,093,581 441,324 1,500,365

21,128 11,139 48,791

-0-0-0-

1,114,709 452,463 1,549,156

874,033 257,992 620,189

308,898

-0-

308,898

476,929

154,368 372,759 240,413 297,301 94,616 96,311 160,457 174,799 755,903 405,730 1,393,793 5,265,841 18,832,982

22,822 14,850 -03,396 -014,950 -0295 -0-0142,871 591,621 942,969

-0-0-0-0-0-0-0-0-0-0-0-0-0-

-0-0-0-0-0-0-0-0-0-0-0125,024 125,024

-0-0-0-0-0-0-0-0-0-0-0-0-0-

177,190 387,609 240,413 300,697 94,616 111,261 160,457 175,094 755,903 405,730 1,536,664 5,982,486 19,900,975

18,570 256,244 20,905 189,975 38,143 85,013 141,325 144,320 602,564 340,395 1,738,684 4,776,996 15,816,618

-0-012,078 18,845,060

(59,910) -014,485 897,544

-0-04 4

-0-05,086 130,110

6,266 3,176,324 -03,182,590

(53,644) 3,176,324 31,653 23,055,308

(15,821) 3,219,365 42,557 19,062,719

2,803,212

$ (3,182,590)

FUND EXPENSES (Gain) Loss on disposal of assets Depreciation Income tax provision (Note 6) TOTAL EXPENSES REVENUE OVER (UNDER) EXPENSES

PROPERTY FUND ADDITIONS, NET (SCHEDULE 2)

850,215

4,402,596

4,873,475

4,409,947

-0-

(2,732,862)

(56,178)

(1,111,902)

3,900,942

-0-

TRANSFER BETWEEN FUNDS

(696,534)

-0-

696,534

-0-

FUND BALANCES, BEGINNING OF YEAR

2,938,986

13,128,074

354,656

8,643,940

42,380,585

67,446,241

63,396,294

3,789,199

$ 14,797,808

11,031,784

$ 43,098,937

$ 72,319,716

$ 67,446,241

FUND BALANCES, END OF YEAR

| TAHOE DONNER 2021 ANNUAL REPORT

298,520

-0-

Exhibit C

TAHOE DONNER ASSOCIATION STATEMENTS OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2021 (WITH COMPARATIVE TOTALS FOR 2020) OPERATING FUND

CASH FLOWS FROM OPERATING ACTIVITIES Operating Revenue Over Expenses Replacement Revenue Over Expenses Non-Operating Funds Revenue Over (Under) Expenses Revenue Over (Under) Expenses Transfers between funds Adjustments to Reconcile Operating/Replacement Revenue Over (Under) Expenses to Net Cash Provided (Used) by Operating Activities: Bad debt expense Depreciation expense (Gain)/Loss on disposal of assets Changes in: Assessments receivable Other receivables Inventory Prepaid expenses and other assets Due to/from other funds Accounts payable Accrued liabilities Deferred revenue Deposits NET CASH PROVIDED BY OPERATING ACTIVITIES

850,215 -0-0850,215 (696,534)

REPLACEMENT RESERVE FUND

-04,402,596 -04,402,596 -0-

NEW EQUIPMENT FUND

-0-042 42 -0-

DEVELOPMENT FUND

-0-02,803,212 2,803,212 696,534

PROPERTY FUND

TOTAL 2021

-0-0(3,182,590) (3,182,590) -0-

850,215 4,402,596 (379,336) 4,873,475 -0-

TOTAL 2020

696,534 4,122,721 (769,308) 4,049,947 -0-

13,200 -0-0-

13,000 -0(59,910)

-0-0-0-

7,000 -0-0-

-03,176,324 6,266

33,200 3,176,324 (53,644)

81,353 3,219,365 (15,821)

(55,741) (54,931) (20,148) (143,793) 1,221,488 440,400 186,106 132,083 84,609 1,956,954

(13,000) (37,838) -0(42,522) (984,443) (32,364) (34,876) (221,510) -02,989,133

-0-0-0-0109,280 -0(41) -0-0109,281

(7,000) (7,191) -0(2,056) (346,325) (9,111) (1,005) 19,147 -03,153,205

-0-0-0-0-0-0-0-0-0-0-

(75,741) (99,960) (20,148) (188,371) -0398,925 150,184 (70,280) 84,609 8,208,573

(60,835) 311,905 (2,625) (414,355) -0(452,262) (370,171) 1,127,669 88,885 7,563,055

-0-0(7,900,413) 9,033,251 1,132,838

(2,754,859) 59,910 (13,727,713) 24,229,577 7,806,915

(56,178) -0-0-0(56,178)

(1,111,902) -0(9,991,919) 14,622,682 3,518,861

-0-0-0-0-0-

(3,922,939) 59,910 (31,620,045) 47,885,510 12,402,436

(4,402,063) 44,845 (35,432,385) 38,231,743 (1,557,860)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,089,792 CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 5,729,862 CASH AND CASH EQUIVALENTS, END OF YEAR $ 8,819,654

10,796,048 222,446 $ 11,018,494

53,103 262,721 315,824

6,672,066 1,781,283 $ 8,453,349

-0-0-0-

20,611,009 7,996,312 $ 28,607,321

6,005,195 1,991,117 7,996,312

$ 8,575,802 243,852 $ 8,819,654

-011,018,494 $ 11,018,494

-0315,824 315,824

55,000

-0-

CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment Proceeds from sale of property and equipment Purchase of investments Maturity or redemption of investments NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES

ANALYSIS OF CASH AND CASH EQUIVALENTS

Cash and cash equivalents, unrestricted Cash and cash equivalents, designated and restricted

SUPPLEMENTAL DISCLOSURE

Income taxes paid

NON-CASH INVESTMENT ACTIVITIES Acquisition of equipment financed by trade payables

-08,453,349 $ 8,453,349

-0-0-0-

-0-

55,000

-0-

21,997

8,575,802 20,031,519 $ 28,607,321

5,491,032 2,505,280 $ 7,996,312

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS. TAHOE DONNER 2021 ANNUAL REPORT |

NOTES TO FINANCIAL STATEMENTS 1

OPERATIONS

Tahoe Donner Association (Association) is a California nonprofit mutual benefit corporation. The Association’s members own the 6,473 membership properties within the Tahoe Donner subdivision in Truckee, California. The Association was organized to provide management services and maintenance of certain common areas owned by the Association. A significant portion of revenue is derived from the assessment of member dues. The Association operates and maintains facilities, which include a golf course and pro shop, restaurant, downhill ski area, clubhouse, Nordic ski area, beach and marina area, equestrian center, campground, tennis facilities, recreation complex, pools and parks. Revenues are derived from member and non-member usage of these facilities. The Association’s Board of Directors is comprised of five members elected to serve three-year terms by a vote of the members. The Board of Directors governs in accordance with the Association’s bylaws and declaration of covenants and restrictions. The Board of Directors establishes members’ dues and user fees, and has the ability to enter into long-term contracts. Along with other actions, closing an Association amenity (as defined by the governing documents) requires a vote of the members.

SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION – The Association’s governing documents provide certain guidelines for governing its financial activities. To ensure observance of limitations and restrictions on the use of financial resources, the Association maintains its accounts using fund accounting. Financial resources are classified for accounting and reporting purposes in the following funds established according to their nature and purpose: OPERATING FUND – Used to account for financial resources available for the general operations of the Association.

ASSESSMENT REVENUE – Association members are subject to annual assessments to provide funds for the Association’s operating expenses, major repairs and replacements, development and purchase of new equipment. Accounts receivable at the balance sheet date primarily represents amounts due from unit owners. The Association’s collection policy includes, among other things, assessing a late charge and interest, filing a lien, and assessing a lien fee on payments not received within the allowable time periods. In certain instances, foreclosure may be necessary. An allowance for doubtful accounts is created when an account’s collectability is uncertain. Accounts are written off when the Association’s management determines that an account is uncollectible due to an event such as bankruptcy or foreclosure proceedings. REVENUE RECOGNITION – The Association’s accounting policies with regards to revenue from contracts with customers are discussion in Note 3, Revenues. CASH consists of cash on hand, demand deposits at banks and money market funds. The Association minimizes credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. As of December 31, 2021 and 2020, cash balances exceeded federally insured limits by approximately $3,428,000 and $5,137,000, respectively. The Association has not experienced any losses in such accounts and management believes the Association is not exposed to any significant credit risk related to cash. INVESTMENTS consist of debt securities and certificates of deposits, which are carried at amortized cost as the Association has the positive intent and ability to hold all debt securities and certificates of deposit until maturity. INVENTORIES consist of food, beverage and retail goods and are stated at the lower of average cost or market.

REPLACEMENT RESERVE FUND – Used to account for financial resources designated for the repair, restoration, replacement or maintenance of, or litigation involving repair, restoration, replacement or maintenance of, major components which the Association is obligated to repair, restore, replace or maintain and for which the replacement reserve fund was established.

PROPERTY AND EQUIPMENT of the Association includes certain facilities and land contributed by Dart in prior years. These assets are reflected in the accounts at the developers’ cost basis. Purchases are stated at cost. The Association capitalizes all expenditures for property and equipment in excess of $2,000. Depreciation is computed using the straight-line method over estimated useful lives of individual assets ranging from 3 to 60 years. These assets are recorded directly in the property fund.

NEW EQUIPMENT FUND – Used to account for financial resources designated for the purchase of new machinery, equipment, furnishings and fixtures.

Approximately 3,000 acres of undeveloped non-common area real property owned by the Association is controlled by the Association’s declaration of covenants and restrictions and bylaws.

DEVELOPMENT FUND – Used to account for financial resources designated for use in the acquisition and enhancement of facilities, equipment and other resources.

INTEREST INCOME and the related income tax expense is allocated to the operating, replacement and reserve, new machinery and equipment and development funds in proportion to the interest-bearing assets of each fund.

PROPERTY FUND – Used to account for the Association’s investment in its common property and equipment, and other Association real property.

| TAHOE DONNER 2021 ANNUAL REPORT

ASSESSMENTS PAID IN ADVANCE AND DEFERRED REVENUE primarily represents funds received for assessments, amenity and

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TAHOE DONNER NEWS |

THE REPORT

Roadmap to the Election

There are two positions open for the 2022 Board of Directors Election. Being involved in your homeowner’s association election means you have a proactive role in who makes up your board of directors and thus the policy-making. Remember, your vote is your voice!

May 4 Candidate webpages released. Learn about each candidate by viewing their candidate statement, video and more at tahoedonner.com/boardelections.

Note

May 20 SUBMIT YOUR TOPICS FOR CANDIDATES TO ADDRESS AT CANDIDATES NIGHT What topics would you like to see addressed this year? Email discussion topics to electionscommittee@tahoedonner.com by May 20 at 5PM, and they will be considered for Candidates Night.

May 28

May 25

CANDIDATES NIGHT

Election ballots are mailed to all eligible members – one ballot per property. Please work with your co-owners to cast your vote. Ballots are sent to the same address that the Annual Assessment goes to. Visit tahoedonner.com/boardelections to find FAQs on receiving, completing and returning ballots.

6-9PM ONLINE MEETING Discuss topics of interest submitted by members, moderated by the Inspector of Elections.

All online meetings can be accessed at tahoedonner.com/boardelections.

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June 26 ELECTION DAY + ANNUAL MEETING OF MEMBERS 10AM-12PM Personally delivered ballots may be accepted until 11:30AM. Election results are announced prior to the end of the meeting, providing a quorum of the voting power of the association is reached (25%). If not, meeting is adjourned to June 27.

June 24 June 4

ELECTION BALLOT MEETING + REGULAR BOARD MEETING

CANDIDATES MEET + GREET

9AM-5PM NORTHWOODS CLUBHOUSE + ONLINE MEETING

6-8PM CHECK WEB FOR UPDATES

ONLINE MEETING Get to know the candidates in an online meeting where members have the opportunity to submit questions via online chat and candidates can articulate their campaign platforms.

On-site voting and replacement ballots are available at Northwoods Clubhouse until 5PM. The Inspector of Elections will oversee the ballot counting process. The deadline for receipt of ballots mailed or personally delivered to the Accountancy Firm is 5PM.

UNCONTESTED ELECTION / ACCLAMATION If, at the close of nominations, the number of qualified nominees is equal to or less than the number of directors to be elected, pursuant to the association bylaws, the association should consult with counsel as to the ability to declare the nominated candidates elected without the need for mail-in voting.

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peaklandscapeinc.com TAHOE DONNER NEWS |

THE REPORT

THE GIVING FUND March 31 was the deadline for high school seniors in Truckee and North Lake Tahoe to submit their applications for available college scholarships. Over 150 individual students have applied for the many scholarships offered by various local organizations, including the Tahoe Donner Giving Fund. The TDGF Scholarships Committee now has the enviable task of choosing the perfect recipients for our awards. Our committee is proud to represent you, our amazing donors, during this process, and we thank you for making all of this possible!

WHY WE GIVE “The simple answer is that we can, and it is part of our DNA. Since the pandemic, we have tried to focus on our local community especially. We love that the Tahoe Donner Giving Fund distributes donations to worthy causes in Truckee, and we thank them for their work.” – Michael and Lorraine Turner, Tahoe Donner homeowners

WHY I GIVE “I give and support the Tahoe Donner Giving Fund because their work elevates local children into college and supports local nonprofits that matter to me. My dollars don’t go to overhead but directly to needs in our community, and I feel good about that.” – Lindsay Hogan, Tahoe Donner Director of Communications + Member Relations

WHY WE GIVE “Joe and I include the Tahoe Donner Giving Fund in our philanthropic plan each year to make a statement about our caring neighborhood at the top of Northwoods Boulevard. Pooling small gifts from our thousands of association members makes a powerful impact locally, and we encourage all our friends to participate. We also trust the Giving Fund Committee to find worthy grant recipients. And they always do!” – Katie and Joe Veni, Tahoe Donner homeowners

The Tahoe Donner Giving Fund is chartered by the TD Board of Directors. All contributions are voluntary tax-deductible gifts from TD members and friends. The Giving Fund is

ALLIE BALLESTEROS

administered through the Tahoe Truckee Community Foundation. For more information on the Giving Fund or to make a contribution, visit our web page at tahoedonner.com/giving-fund. Contact tdgf@tahoedonner.com with questions or to volunteer for the committee. Thank you to our founding partner, Elements Mountain Company, for their continued support.

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TAHOE DONNER NEWS |

FEATURE

Is your home

Ember-Resistant? Some homes have survived recent wildfires while others have not, and we are learning why. By THE TRUCKEE FIRE PROTECTION DISTRICT Assembly Bill 3074, passed into law in 2020, requires new regulation in the area closest to the home to prevent a wildfire from getting to your home. This law requires the Board of Forestry and Fire Protection to develop a regulation for a new Ember-Resistant Zone (Zone 0) in the area within zero to five feet of the home by January 1, 2023. Science has proven the Ember-Resistant Zone to be the most important of all the defensible space zones. This zone includes the area under and around all attached decks and within five feet from your home and requires the most stringent wildfire fuel reduction. The Ember-Resistant Zone is designed to keep fire or embers from igniting materials that can spread the fire to your home. The following provides guidance and best practices for this zone, which may change based on the regulation developed by the Board of Forestry and Fire Protection.

EMBER-RESISTANT ZONE (0-5 FEET FROM YOUR HOME) • Use hardscape like gravel, pavers, concrete and other noncombustible materials (do not use combustible bark, pine needles, chips or mulch) • Remove all dead and dying weeds, grass, plants, shrubs, trees, branches and vegetative debris (leaves, needles, cones, bark, etc.) • Remove all branches within 10 feet of any chimney or stovepipe outlet • Limit combustible items (outdoor furniture, planters, etc.) on top of decks • Relocate firewood and lumber 30 feet from home • Replace combustible fencing, gates and arbors attached to the home with noncombustible alternatives • Relocate garbage and recycling containers outside this zone • Relocate boats, RVs, vehicles and other combustible items outside this zone if possible

Go to readyforwildfire.org for more information on preparing for wildfire. To contact Eric Horntvedt, wildfire prevention manager for the Truckee Fire Protection District, email erichorntvedt@truckeefire.org.

TRUCKEE FIRE GREEN WASTE DUMPSTER REBATE PROGRAM Creating defensible space around your home is a vital step in wildfire safety. This includes removing pine needles, pinecones, shrubs, tree limbs, dry grasses and other vegetation within 100 feet of your home. Removing and disposing of flammable vegetation can reduce the likelihood of your house or your neighbor’s house burning in the event of a wildland fire.

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Funds from the Measure T Wildfire Prevention Fund will reimburse Truckee Fire residents up to $75 towards the cost of a six-yard green waste dumpster rental so you can remove vegetation when you create defensible space around your home. Simply provide a paid receipt from Tahoe Truckee Sierra Disposal to the Truckee Fire Protection District, and you will be reimbursed up to $75 – while funds last! Go to truckeefire.org/defensible-space-rebate-program for more details, or follow the steps below:

Request a six-yard green waste dumpster; limit one per household

Full Service Painting Contractor dedenpainting.com

CA Lic #1075237

Call Tahoe Truckee Sierra Disposal at (530) 583-7800

Receive dumpster delivery to property on a Wednesday with pickup the following Wednesday

Please place only loose green waste materials in dumpster – no bags, trash, dirt, concrete or other waste allowed

2022 Green Waste Drop-Off Events Don’t have enough yard waste to justify a dumpster rental? Truckee residents can drop off green waste for free. No bags, no dirt and no rocks, please! DATES: May 20, June 4 and June 17 TIME: 8AM-2PM LOCATION: Truckee Rodeo Grounds

TAHOE DONNER NEWS |

THE REPORT

BUSINESS DIRECTORY AUTOMOTIVE SERVICES

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DEFENSIBLE SPACE / LANDSCAPING / TREE SERVICE ALPEN TREE EXPERTS

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ELEMENTS MOUNTAIN CO.

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HALL TREE

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LOCKWOOD LIGHTSCAPES PO Box 1773, Truckee, CA 96160 (530) 559-8005 lockwoodlightscapes@gmail.com lockwoodlightscapes.com

PEAK LANDSCAPE INC. PO Box 575, Truckee, CA 96160 (530) 587-4269 info@peaklandscapeinc.com peaklandscapeinc.com

TIMBERWOLFE TREE SERVICE AND DEFENSIBLE SPACE 15444 Archery View, Truckee, CA 96161 (530) 386-3340 todd@twts.biz timberwolfetreeservice.com

DRIVEWAY SEALING ELEMENTS MOUNTAIN CO.

17356 Northwoods Blvd., Truckee, CA 96161 (530) 582-0300 info@elementsmtn.co elementsmtn.co

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FIREPLACES / WOOD STOVES MOUNTAIN HOME CENTER

11403 Brockway Road, Truckee, CA 96161 (530) 587-6681, (800) 517-6262 info@mountainhomecenter.com mountainhomecenter.com

FLOORING

BASSETT FLOORING

10800 Pioneer Trail #3, Truckee, CA 96161 (530) 582-7428 truckee.abbeycarpet.com

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HOME MAINTENANCE + SERVICES EAST FORK ROOFING

1513 Greg Street, Sparks, NV 89431 (775) 800-7663 (ROOF) office@eastforkroofing.com eastforkroofing.com

MR. HONEY-DO

PO Box 5247, Tahoe City, CA 96145 (530) 581-4031, (775) 548-4031 info@mrhoneydo.biz mrhoneydo.biz

TRUCKEE TAHOE CARPET CLEANING (530) 562-5291 truckeetahoepros.com

HOME OXYGENATION

ALTITUDE CONTROL TECHNOLOGY (970) 528-1300 info@act-O2.com act-o2.com

12710 Northwoods Blvd., Ste. 1, Truckee, CA 96161 (530) 386-6635 donnertahoeflooring@gmail.com donnertahoeflooring.com

HVAC

HEALTH CARE

(775) 843-7930 – Reno kentj@ms-ac.com debbiec@ms-ac.com ms-ac.com

10121 Pine Avenue, Truckee, CA 96161 (530) 587-6011 tfhd.com

INSURANCE

TAHOE FOREST HOSPITAL

HOME AUTOMATION SMART AV INTEGRATORS (530) 580-8310 info@smartavhome.com smartavhome.com

HOME + OUTDOOR FURNISHINGS MOUNTAIN HOME CENTER

11403 Brockway Road, Truckee, CA 96161 (530) 587-6681, (800) 517-6262 info@mountainhomecenter.com mountainhomecenter.com

M+S HEATING + AIR

NIC BEDDOE – STATE FARM AGENCY 10775 Pioneer Trail, Ste. 211C, Truckee, CA 96161 (530) 550-1400 nic@beddoeinsurance.com beddoeinsurance.com

INTERIOR DESIGN HSH INTERIORS

(415) 702-6460 info@hsh-interiors.com hsh-interiors.com

PAINTING SERVICES DEDEN PAINTING

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ELEMENTS MOUNTAIN CO.

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KELLY BROTHERS PAINTING

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SIERRA PRECISION PAINTING PO Box 11107, Truckee, CA 96162 (530) 550-7938

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TRUCKEE TAHOE PAINTING CONTRACTORS (530) 550-7767 (PROS) truckeetahoepros.com

PROPERTY MANAGEMENT

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REAL ESTATE

ALISON ELDER – ELDER GROUP TAHOE REAL ESTATE | CORCORAN GLOBAL LIVING 10770 Donner Pass Road, Ste. 205, Truckee, CA 96161 (530) 582-8103 info@eldergrouptahoe.com eldergrouptahoerealestate.com

DICKSON REALTY, TRUCKEE

11836 Donner Pass Road, Truckee, CA 96161 (530) 587-7444 info@dicksonrealty.com dicksonrealty.com

THE SHARP TEAM/COMPASS

11425 Donner Pass Road #12B, Truckee, CA 96161 (530) 587-8574 info@janiesharp.com thesharpteam.com

Schedule your exterior and deck painting today

RENTAL SERVICES LANDING LOCALS hello@landinglocals.com landinglocals.com

SNOW REMOVAL

ELEMENTS MOUNTAIN CO.

17356 Northwoods Blvd., Truckee, CA 96161 (530) 582-0300 info@elementsmtn.co elementsmtn.co

SPAS / PATIO FURNITURE MOUNTAIN HOME CENTER

11403 Brockway Road, Truckee, CA 96161 (530) 587-6681, (800) 517-6262 info@mountainhomecenter.com mountainhomecenter.com

MANAGEHOME

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CALL THE PROS

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GET YOUR BUSINESS AND SERVICES IN FRONT OF TAHOE DONNER HOMEOWNERS Learn more about advertising with Tahoe Donner at tahoedonner.com/advertise

For more information about these businesses, please visit tahoedonner.com/businessdirectory. These services are provided for Tahoe Donner homeowners. The businesses included in the directory are advertisers with Tahoe Donner. Tahoe Donner Association makes no claims regarding the quality of goods or services provided by these companies. Potential customers are advised to use their own best judgment.

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THIRD ANNUAL COMMUNITY YARD SALE MAY 28, 2022 - 9 AM

For More Info or to Register: TahoeDonnerYardSale.com Questions? Email Us: Team@Truckee-Tahoe.com TEAM@TRUCKEE-TAHOE.COM WWW.TRUCKEE-TAHOE.COM 530-446-2256 BRE 01220758 & 01947697

TAHOE DONNER NEWS |

THE REPORT

2022 DEFENSIBLE SPACE INSPECTIONS YOUR PROPERTY’S FRONTLINE DEFENSE AGAINST WILDFIRE Tahoe Donner Forestry Department staff would like to congratulate and thank you for your efforts in creating a fire-safe community. Tahoe Donner has been recognized as a Firewise USA® community again for 2022. Creating and maintaining defensible space around your home can dramatically increase your home’s chance of surviving a wildfire. It will also improve the safety of firefighters defending your property.

2022 DEFENSIBLE SPACE ZONE

During the fall of 2021, defensible space inspections took place within Unit 2 lots 392-423, Unit 9 lots 1-654, Unit 7 lots 1-262 and the golf course condos. Properties that were found to be noncompliant have been provided with a Notice of Required Maintenance and will be reinspected beginning June 2022. Areas inspected for defensible space compliance verification include properties located on Northwoods Boulevard, Hansel Avenue, Pathway Avenue, Greenleaf Way, Telemark Place, Schussing Way, St. Bernard Drive, Brookstone Drive, Falcon Point Place, Lausanne Way, Bennett Flat Road, Hillside Drive, St. Croix Way, Gyrfalcon Street, Solvang Way, Peregrine Drive and Staghorn Drive.

HOW YOU WILL BE NOTIFIED OF INSPECTIONS

• Notices of Required Maintenance were sent electronically and via USPS in winter 2022. • Members whose properties are subject to this year’s defensible space inspection were provided with a reminder email that included an outline of the inspection process.

REQUEST A REINSPECTION

To request a reinspection, complete the online request form at tahoedonner.com/defensible-space.

RULES AND GUIDELINES

Tahoe Donner residents should familiarize themselves with the complete rules and guidelines for defensible space inspection standards for both developed and undeveloped lots. Detailed guidelines can be found at tahoedonner.com/defensible-space.

KEY GUIDELINES

Areas of continuous brush must be broken up. No brush underneath the dripline of trees or within 10 feet of any structure. Cut brush back so that it stays low to the ground. Flames can reach 3 times the height of the brush.

DEVELOPED LOTS 10 ft.

No branches within 10 feet of chimney, roof and eaves.

30 ft.

Firewood, lumber or any flammable material should be stacked 30 feet from the structure; make sure it is stacked on your property. Stack firewood away from trees and in areas with at least a 10-foot buffer from vegetation and ground debris. Old, unused or decomposed firewood must be removed. Firewood rounds cannot be left on the property; wood must be split and stacked neatly.

• Members will also receive a reminder email notification at least 45 days before their compliance deadline. Watch your email inbox and junk folder for reminder emails and add no-reply@eunify.net to your safe sender list. If you need to update your email address, please go to tahoedonner.com/member-portal.

diameter that are growing without proper spacing from one another or growing under the canopy of larger trees). If tree thinning is required, Forestry Department staff will mark trees to be removed as soon as conditions allow.

DEVELOPED + UNDEVELOPED LOTS Excessively dense tree cover must be thinned (generally trees under 10 inches in

This highlights a few items to be considered for defensible space. Please VIEW FULL GUIDELINES AT TAHOEDONNER.COM/DEFENSIBLE-SPACE. Covenants and Restrictions require that each lot be maintained annually to not create a fire hazard. Failure to comply may result in a hearing and possible fine from the Covenants Committee. Covenants Rules can be found under “Homeowner Guidelines” at tahoedonner.com/members. If you have questions about the defensible space program, please visit tahoedonner.com/defensible-space or email defensiblespace@tahoedonner.com.

INSPECTION AUTHORITY

Tahoe Donner Forestry Department inspectors will walk through your property in order to complete defensible space inspections. Authority for these inspections comes from the State of California Public Resources Code 4291, Truckee Fire Protection District Ordinance 94-1 and Tahoe Donner Association C&Rs Article VIII, Section 1 (a) iii and iv.

THE REPORT

BRIEFS WELCOME CHEF MATT HALE TO TAHOE DONNER!

NIXLE SWITCHING TO SIMPLIFIED ASO CODERED EMERGENCY CHANGE PERMIT ALERT SYSTEM PROCESS

We would like to welcome Matt Hale as the new executive chef for Tahoe Donner! Raised in Sierraville on a small farm, his family grew and harvested most of their food while his mother worked in restaurants, kickstarting his cooking passion.

The Truckee Police Department and the Truckee Fire Protection District are switching from Nixle to the CodeRED Emergency Alert System on June 1 as their primary method of communication during critical incidents. CodeRED is an opt-in notification system, and these alerts may be received as text, email, landline, cell phone and teletypewriter (TTY) device. If you were a subscriber of Nixle, you will need to subscribe to CodeRED. Register for CodeRED emergency alerts: • Visit truckeepolice.com/ disaster-preparedness • Call 211 or 1-833-DIAL211 • Text ReadyNevadaCounty to 99411

Earning his culinary degree from the Lake Tahoe Community College, Matt also fought wildfires in the summertime while working in the restaurant business. His previous positions include sous chef at Six Peaks at Squaw Creek, executive sous chef at Squaw Creek and executive chef at Skamania Lodge in the scenic Columbia River Gorge.

DAVIS-STIRLING CIVIL CODE 5551 ON BALCONY INSPECTIONS

Tahoe Donner will be holding a live PEP class on May 11 from 3-5PM. Online participation will be available. This meeting will be presented by a CERT manager and the Town of Truckee. To learn more about this meeting and how to better prepare yourself for an emergency, visit tahoedonner.com/pep-meeting-2022.

Visit tahoedonner.com/aso-permit-forms to learn more.

HIRING FAIR AT PIZZA ON THE HILL Are you ready for a summer of fun with amenity perks and dining discounts? Join us at Pizza on the Hill on May 14 from 11AM-2PM to learn more about working at a place that combines adventure, like-minded friends and a competitive paycheck. Secure a job and enter to win a free pair of AirPods! Learn more at tahoedonner.com/jobs.

TAHOE DONNER COMMUNITY YARD SALE

When not in the kitchen after moving back to Sierraville in June 2021, you can find Matt spending time with his family and growing a large garden with over 100 hot peppers and tomato plants on his Angus beef ranch. Welcome, Matt!

PERSONAL EMERGENCY PREPAREDNESS (PEP) MEETING

Tahoe Donner is simplifying the Architectural Standards Office (ASO) construction/exterior change permit process. Tahoe Donner members and their hired professionals can now apply for projects by completing a form linked from the Tahoe Donner ASO webpage. Please note that the OneStop portal is no longer active.

Register your home for a Tahoe Donner community yard sale on Saturday, May 28, starting at 9AM. Learn more about this event at tahoedonner.com/events. California Civil Code §555 1, formerly Senate Bill 326, went into effect on January 1, 2020. The law requires that elevated balconies, decks, stairs and walkways be inspected and repairs be completed by December 31, 2024. At least once every nine years, the board of an association of a condominium project shall inspect these areas for potential maintenance or repairs. These inspections fall under the responsibility of each condo association. To learn more, visit davis-stirling.com/ HOME/Statutes/Civil-Code-5551.

IT’S OUR CALL OF DOODIE! We love our Truckee dogs, but we must keep up with waste. Please lend a hand by placing designated magnets on your garbage enclosure letting fellow dog owners know that it is acceptable to drop their waste bags in your container. Magnets can be picked up at Member Services, the Trout Creek Recreation Center or the Alder Creek Adventure Center.

TAHOE DONNER NEWS |

THE REPORT

BOARD MEETING RECAPS SPECIAL MEMBER MEETING March 16, 2022 DISCUSSION: Petition and Downhill Ski Lodge Project The Board and Legal Counsel for Tahoe Donner Association discussed the petition submitted to the Board on January 28, 2022, and the next steps for the Downhill Ski Lodge Project and the April 4 Special Board Workshop.

BOARD OF DIRECTORS MEETING March 25, 2022 ACTION: Consent Calendar, 3-0 (Directors Murrell and Wu Absent) Director Mahoney moved to adopt the consent calendar but remove the two club applications, seconded by Director Roth. Director Koenes moved to accept the TD Crafting Club and TD Running Club applications, seconded by Director Roth. Committee/Task Force Reports DISCUSSION: Amenity Access The Board reviewed and discussed the update to the Amenity Access Policy working group. DISCUSSION: General Manager Update The Board received updates on the Trails Master Plan, Forestry Department summer program, summer program registration, shoulder season food + beverage options, summer recruitment and a Replacement Reserve Study and Capital Plan update. DISCUSSION: Capital Projects — Marina and Pavilion The Board received updates on the design for the Beach Club Marina and The Lodge Restaurant & Pub Pavilion projects. Go to tahoedonner.com/member-portal to see presentations and video recordings of past meetings. To provide feedback to help improve the overall association, please submit your comments and concerns at tahoedonner.com/feedback.

UPCOMING BOARD MEETINGS

Friday, May 27, 2022 – Regular Board Meeting Friday, June 24, 2022 – Regular Board Meeting + Election Ballot Meeting Sunday, June 26, 2022 – Annual Meeting of Members + Member Picnic Board meeting dates subject to change. Visit tahoedonner.com for dates. At the time of press, all board meetings are being held remotely using Zoom video conferencing. Zoom board meeting information will be provided in each meeting agenda.

UPCOMING COMMITTEE MEETINGS

Tuesday, May 3, 2022 – Elections Meeting Wednesday, May 4, 2022 – Trails + Open Space Meeting Wednesday, May 4, 2022 – Architectural Standards Meeting Monday, May 9, 2022 – Giving Fund Meeting Thursday, May 12, 2022 – Covenants Meeting Thursday, May 12, 2022 – Long-Range Planning (formerly General Plan) Meeting Wednesday, May 18, 2022 – Architectural Standards Meeting Thursday, May 19, 2022 – Finance Meeting To get meeting details, including Zoom meeting registration information and time, please send an email to executiveassistant@tahoedonner.com.

HOMES ON THE RISE

The Architectural Standards Committee reviewed the following plans in March 2022. UNIT/LOT ADDRESS

SQ. FT.

PROJECT

05/030

11316 Skislope Way

3,920

House

11/369

14865 Swiss Lane

1,792

House

COVENANTS VIOLATIONS HEARINGS The Covenants Committee held the following violations hearings in March 2022. STREET

VIOLATION

FINE

Muhlebach Way

Exterior Light Pollution – STR Registered Property

$800

Lucerne Lane

Forestry Fire Prevention and Safety

$2,000

Herringbone Way

Forestry Fire Prevention and Safety

$3,000

Northwoods Blvd.

Forestry Fire Prevention and Safety

$3,000

Zermatt Drive

Forestry Fire Prevention and Safety

$3,000

Swiss Lane

Forestry Fire Prevention and Safety

$1,000

Go to tahoedonner.com/covenants to view covenants rules and how to make a covenants complaint.

H a ppy M ot h er’s D a y!

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10MM

Information gathered from TSMLS 1/1/2014 - 12/31/2021. Volume has been rounded up to the nearest $10,000 for ease of reader review.

Alison Elder

Agent 2

Agent 3

Agent 4

Agent 5

Information gathered from TSMLS 1/1/2022 - 3/31/2022.

Alison Elder

ELDER GROUP TAHOE REAL ESTATE

Real Estate Advisor, Partner 530.582.8103 Tahoe@AlisonElder.com ElderGroupTahoeRealEstate.com ©2022 Corcoran Global Living. All rights reserved. Each office is independently owned and operated. Corcoran Global Living fully supports the principals of the Fair Housing Act. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. CA DRE License #01399851

TAHOE DONNER ASSOCIATION 11509 NORTHWOODS BLVD. TRUCKEE, CA 96161

A PLACE TO CALL HOME To experience living in this area is a once in a lifetime opportunity. It’s a place to put down roots and connect with our mountain lifestyle. Let one of our Dickson professionals be your community steward to this special place we call home.

11836 Donner Pass Road, Truckee 100 Northstar Drive, Truckee 289 Commercial Street, Portola