Page header image

2023 Budget Workshops

THE BOARD OF DIRECTORS HAS ADOPTED THE 2023 BUDGET.

THANK YOU TO ALL WHO HAVE PARTICIPATED. TO LEARN MORE ABOUT THIS ADOPTION AT THE OCT. 28 BOARD MEETING, CLICK HERE. LEARN HOW THIS AFFECTS THE ANNUAL ASSESSMENT AND RECREATION FEE. 

The Tahoe Donner Board of Directors, staff and committees worked on the 2023 budget from July through October. Members were encouraged to get involved and provide their valuable input.

Factors that impacted the 2023 budget include:

  • Sharp increase in labor costs due to competitive regional shift in entry-level positions to $20 per hour as well as labor market changes and lack of workforce housing
  • Costs of goods and supply chain challenges driving expense increases in Food + Beverage Department and other key operating expenses
  • Increase in utility costs (most notably gasoline, diesel and natural gas)
  • Continued rise in insurance costs
  • Continued prioritization of savings for long-term capital investment
  • Continued focus on cost savings and efficiencies

WHAT IS COVERED BY THE ANNUAL ASSESSMENT?

There are four components that go into your Annual Assessment:

  • OPERATING 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 computer
  • NEW MACHINERY + 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

WORKSHOPS

Three workshops and a board meeting took place throughout this budget cycle.

WORKSHOP #1: THURSDAY, SEPTEMBER 8 | 9AM
Dedicated to the Operating Fund, which includes budgets for amenities and supporting departments

WORKSHOP #2: THURSDAY, SEPTEMBER 22 | 9AM
Dedicated to capital projects in the Replacement Reserve Fund, New Machinery + Equipment Fund and Development Fund

WORKSHOP #3: FRIDAY, OCTOBER 14 | 9AM
Review the updated fund budgets and propose the recommended Annual Assessment for Board approval

REGULAR BOARD MEETING: FRIDAY, OCTOBER 28 | 9AM
Propose the recommended Annual Assessment for Board approval

DOCUMENTS