Tahoe Donner’s Accounting Department, under the guidance of Director of Finance Michael Salmon, manages the association’s financial affairs and presents financial information to members in a variety of reports. If you have any questions or concerns, please feel free to contact our accounting department.
Operating Fund Activity YTD – November 2011
Excluding Assessment Revenue (unaudited)
Actual | Budget | Variance | |
| Revenue | $7,929,000 | $7,747,000 | $182,000 |
| Expense | $(12,280,000) | $(12,118,000) | $(162,000) |
| Net Operating Results (Loss) | $(4,351,000) | $(4,371,000) | $20,000 |
| Consolidated Statement of Financial Position as of: | (Unaudited) 30‐Nov‐11 | (Audited) 31‐Dec‐10 | (Unaudited) 30‐Nov‐10 |
| Assets | $54,110,000 | $44,178,000 | $52,086,000 |
| Liabilities | $11,037,000 | $4,891,000 | $10,535,000 |
| Members’ Equity | $43,073,000 | $39,287,000 | $41,551,000 |