Annual Report

& RESORT DISTRICT

ANNUAL REPORT

2022

BOARD MEMBERS

STAFF

TETON VILLAGE ASSOCIATION ISD

TETON VILLAGE ASSOCIATION ISD

PO Box 866 Teton Village, WY 83025 Ryan Grande, Chairman Jim Terry, Treasurer Mary Kate Buckley, Secretary

Melissa Turley Executive Director Rafe Cordell Facilities Director Kate Balog Office Manager

TETON VILLAGE RESORT DISTRICT PO Box 23

Andrew Madden

Teton Village, WY 83025

Maintenance Supervisor

Matt McCreedy, Chairman

Mathew Larson

Rob DesLauriers, Treasurer Junie Fuchs, Secretary

Maintenance Tech Sal Sosa Maintenance Tech

Teton Village Association is the local government entity responsible for municipal functions in the commercial core of Teton Village. We invite visitors, residents, and members to experience the vibrancy, wildness and independence of our western mountain heritage with modern convenience and ease.

Teton Village is a leader in the provision and use of an integrated multimodal transportation system.

We strive to achieve our community’s vision to preserve and protect the ecosystem and enhance our community character by reducing traffic growth. TVA provides winter transportation choices through Stilson Express shuttles and partnership with START Bus for free and frequent transit service from the free Stilson parking lot; and we manage parking in the Teton Village parking lots to encourage the use of public transit and carpooling. This past year, we introduced automatic parking gates in all four parking lots in Teton Village to increase efficiency and ease of use.

Teton Village Association Improvement & Service District strives to provide a seamless visitor experience, and Teton Village Resort District funds enhancements to achieve this goal. Collectively, we invest in Teton Village infrastructure, parking management, events and programs to improve the visitor experience and act as good environmental stewards.

Our work supports Teton Village and our visitors’ experience. From popular free family friendly programs to infrastructure improvements, our mission is to make Teton Village the #1 destination resort.

Ryan Grande, Chairman Matt McCreedy, Chairman Teton Village Association ISD

Teton Village Resort District

T E T O N V I L L A G E A S S O C I AT I O N BUDGET OVERVIEW:

Fiscal Year 2022 Teton Village Association ISD strives to make Teton Village the #1 destination resort. Revenue sources for Teton Village Association include assessments on commercial lots within the district boundary, Capital construction and management funds from Teton Village Resort District, grants, associate membership, and parking fees. These revenues are budgeted to fund capital projects, programs and operations to enhance the visitor experience in pursuit of TVA’s mission. Teton Village Association ISD is also responsible for efforts to reduce traffic impacts associated with Teton Village, including paid parking and frequent transit service. In fiscal year 2022, Teton Village Association expenditures totaled $4,066,325, 12 percent above FY21 expenses.

Completed FY22 Capital Projects:

Current/Ongoing Capital Projects:

Purchased and installed automated parking gates in all four parking lots in Teton Village to increase the efficiency of parking operations.

Improvements to pedestrian wayfinding signage and lighting including gateways to the Village Commons, and the entry to the Village parking lot

Prepared additional bays in the maintenance building for bus storage to reduce wear and tear on our buses, and bring down vehicle maintenance costs.

Road repairs and resurfacing

Purchased four e-bikes for TVA staff to reduce vehicle costs, including fuel, and emissions.

Planning for a central/commissary in the maintenance yard

Fiscal Year 2023 For fiscal year 2023, the Teton Village Association Board of Directors proposes a budget including $7,019,544 total revenue and $7,047197 expenses, with an anticipated draw from reserves of $27,654 to support capital project costs.

TVA Assessments

This proposed budget includes a 9.1% CPI increase for TVA assessments, based on the Teton Village Association Board’s June 2015 Resolution.

Parking Revenues

The FY23 proposed budget projects parking revenue about 1% above FY22 parking revenue.

Programs and Events

TVA will continue to present our popular free family friendly programs in

the upcoming fiscal year, including our successful summer Concerts on the Commons and Alive at Five, as well as winter events for families, Family Round Up.

Capital Projects (Construction & Planning)

The FY23 Capital Project budget is $3,330,892 - 50% more than the FY22

Capital budget. Teton Village Resort District funds capital projects carried out

by Teton Village Association.

Projects planned for FY23 include: Heated sidewalk along Village Drive in front of Snake River Lodge & Alpenhof Pave the Cody parking lot, replace lights, and build drainage solutions Purchase of new electric shuttle buses for the Ranch Lot Shuttle Purchase electric vans to initiate shuttle from Teton Village to Grand Teton National Park

Improve the maintenance building License Plate Recognition cameras for all four Village parking lots Public Art Road maintenance

T VA / T V R D C O M P L E T E D F Y 2 2 C A P I TA L P R O J E C T S : $ 1 , 0 9 7, 6 9 9 80% of funds Parking lot improvements ($886,436) 10% of funds Maintenance facility ($109,827) 3% of funds Purchase of assets ($34,293) 3% of funds Various ($29,841) 2% of funds Public art: glow nights and sculpture ($20,200) 2% of funds Roads, gateway and street signage ($17,102)

T VA / T V R D P L A N N E D F Y 2 3 C A P I TA L P R O J E C T S : $ 3 , 3 3 0 , 8 9 2 39% of funds: Village parking lot improvements ($1,288,350) 14% of funds: Heated sidewalks ($465,000) 14% of funds: Village Common area improvements, public art, roads and lighting ($462,911) 13% of funds: Stilson parking lot improvements ($440,131) 12% of funds: Purchase electric buses and vans ($410,000) 8% of funds: Maintenance facility and commissary ($264,500)

TETON VILLAGE RESORT DISTRICT FY 2023 BUDGET OVERVIEW: Teton Village Resort District funds enhancements to the guest experience so Teton Village is the #1 destination resort. The revenue source for Teton Village Resort District is sales tax collections. These revenues are budgeted to fund capital projects.

In fiscal year 2022, Teton Village Resort District’s sales & use tax collections ended 49% above the 3-year average collections.

For fiscal year 2023, the Teton Village Resort District Board of Directors proposes a budget including

$4,095,065 total revenue and $4,734,716 expenses, with an anticipated draw from reserves of $319,826 and funds from TVA in the same amount ($319,826) to support capital project costs. Sales & use tax revenue is projected to fall 14% below FY22 collections.

Capital Projects (Construction & Planning)

The FY23 Capital Project budget is $3,330,892 to fund the planned projects on facing page.

P.O. BOX 866

TETON VILLAGE, WY 83025

TETONVILLAGEWY.ORG

307-733-5898

@TETONVILLAGEWY