2021 Budget Workshops

TAHOE DONNER BOARD PASSES 2021 BUDGET UNANIMOUSLY
Read the Update Here

BUDGET BACKGROUND 
The Tahoe Donner Board of Directors, staff and committees work on the 2021 budget from July through October. Members are encouraged to get involved and provide their valuable input.

Recent challenges and opportunities related to the budget include: CA minimum wage increases to $14 effective January 1, 2020 ($200,000 impact), COVID-19 restrictions impacting amenities through the 2020/21 winter season and will continue to cause capacity reduction, as well as property/casualty insurance increase of $327,000.

2021 BUDGET FREQUENTLY ASKED QUESTIONS

WHAT IS COVERED BY THE ANNUAL ASSESSMENT?
There are four components that go into your Annual Assessment:

  • Operations Fund: Annual revenue and expenses for all amenities and HOA services
  • Replacement Reserve Fund: Funds that plan for maintenance/repair, replacement and restoration of common area components and facilities. Ex: Replacing windows, furniture or computers
  • New Machinery and Equipment Fund: Funding for new items that improve operational efficiency or additional member services. Ex: Additional treadmill or new software
  • Development Fund: Anticipated capital improvements. Ex: Land acquisitions, additions or new buildings

IS THE ANNUAL ASSESSMENT GOING UP, AND BY HOW MUCH?
The board unanimously approved the 2021 budget at the October 23, 2020 regular board meeting. The 2021 Annual Assessment will be $2,241, an increase of $176 from 2020. Read the Update Here.


HOW DOES NOT HAVING J-1 INTERNATIONAL EMPLOYEES IMPACT THE BUDGET?
Tahoe Donner pays J-1 employees the same as domestic employees. The challenge we are seeing in not having J-1’s is J-1’s bring thousands of ski area staff to our community and without that influx of employees, all ski areas are competing for staff with a smaller pool of potential candidates. With this tight labor market, we will likely have to increase our pay rates to attract staff to run the operation, on top of the government mandated minimum wage increase that takes effect January 1, 2021 also.


IS THE ANNUAL ASSESSMENT INCREASES ATTRIBUTABLE TO THE REPLACEMENT OF THE LODGE AT DOWNHILL SKI?
Saving for the replacement of several aging buildings is being addressed. Northwoods Clubhouse, the Lodge at Downhill Ski and Tennis Center all opened at the inception of the association in 1971, each aging over these 50 years and nearing the end of their long and useful lives. These facility upgrades will need to be addressed along with other potential Capital Projects, including key trail improvements and initiatives, in the future.

The assessment will also reflect the impact of COVID-19, the mandated increase in minimum wage and a sharp rise in the association’s property casualty insurance due to state- and nation-wide circumstances. Specific budget drivers can be seen in the budget presentations below.


HOW HAS THE BUDGET PROCESS BEEN COMMUNICATED TO THE MEMBERS?
All budget workshops were heavily promoted to the membership. They were open to the membership and are available via video recording below. All workshop materials are also posted for member review. The board and staff have made a concerted effort to be transparent with the opportunity for member input and feedback throughout the process. Communication and resources include:

  • 2021 budget webpage including links to all presentations and meeting recordings (see below)
  • Four dedicated member emails that were opened over 30,000 times and clicked 1,475 times
  • Inclusion in 10 consecutive Tuesday Weekly emails
  • A story in the October issue of TD News
  • Member feedback form received 51 entries from members

WORKSHOP INFORMATION

All members were invited to participate and provide input on the budget. A series of open budget workshops were held. See the meeting details below for additional information and recordings of the webinar:

WORKSHOP #1: SEPTEMBER 10 | 1PM
• Purpose: Review Operating Budget + Get Feedback
View Meeting Recording
2021 Operations Budget Presentation
September 10, 2020 Draft of Operating Fund

WORKSHOP #2: SEPTEMBER 24 | 9AM
• Purpose: Review Capital Budgets + Get Feedback
View Meeting Recording
2021 Capital Fund Budgets Presentation

WORKSHOP #3: FRIDAY, OCTOBER 16 | 9AM
• Purpose: Review updated Operating and Capital budgets based on feedback and 2021 Annual Assessment scenarios.
View Meeting Recording
10.16.20 Budget Presentation

BUDGET ADOPTION: FRIDAY, OCTOBER 23 | 9AM (REGULAR BOARD MEETING)
• Purpose: Adopt Budget and confirm 2021 Annual Assessment
View Meeting Recording
2021 Budget 10.23.20 Meeting
DP.2021 Budget Adoption

Your feedback is important. If you are unable to join any of the above meetings but have input you’d like to provide, please provide feedback here; we will ensure that the board sees it.


BUDGET DOCUMENTS