2024 Budget Workshops

The Tahoe Donner Board of Directors, staff and committees work on the 2024 budget from July through October. Members are encouraged to get involved and provide their valuable input.

Factors that impact the 2024 budget include:

• Sharp increases in the cost of General Liability Insurance, Health Insurance and Workers’ Compensation Insurance are anticipated
• Utility expenses remain high, as well as the costs associated with attracting and retaining staff with competitive wages and benefits
• Demolition of the Downhill Ski Lodge and construction of the new facility begin in 2024, in addition to other capital projects, including the Marina Deck Expansion, Maintenance Fuel Station, the Glacier Way Parking Improvement Project and more
• 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

HOW CAN I GET INVOLVED IN THE 2024 BUDGET?

Members are encouraged to participate in a variety of ways:

• Attend a board workshop on September 14, September 28, October 12 and/or October 20, if necessary
• Fill out a feedback form

WORKSHOPS

WORKSHOP #1: THURSDAY, SEPTEMBER 14 | 9AM
Dedicated to the Operating Fund, which includes budgets for amenities and supporting departments

Staff will present operational assumptions for the coming year. The Operations Fund components include departments and amenities such as Food + Beverage, Downhill Ski Resort, Cross Country Ski Center, Golf Course, Trout Creek Recreation Center, Beach Club Marina, Architectural Standards, Administration, Forestry and Trails. Current assumptions include a sharp increase in labor costs, a rise in insurance costs, workforce housing and more. See the following presentation documents below for key assumptions and figures:

• Presentation
• Summary Department Budgets 2024
• Recording of Meeting

WORKSHOP #2: THURSDAY, SEPTEMBER 28 | 9AM
Dedicated to capital projects in the Replacement Reserve Fund, New Machinery + Equipment Fund and Development Fund

• Agenda
• 2023/24 Property Casualty and Workers’ Compensation Insurance Renewal Presentation
• Joint Capital Fund Budget Presentation
• Recording of Meeting

WORKSHOP #3: THURSDAY, OCTOBER 12 | 9AM
Review the updated fund budgets and propose the recommended Annual Assessment for Board approval. Click here to register for the meeting via Zoom.

• Agenda
• Presentation
• Staff Report
• Exhibit A – Operating Fund Draft 2024 Budget
• Exhibit B – 20 Year Capital Plan
• Exhibit C – 10 Year Capital Improvement Plan (CIP)
• Exhibit D – 2024 Capital Improvement Plan Project Sheet
• Exhibit E – 10 Year Development Fund Investments Projection
• Exhibit F – 30 Year Cash Flow
• Exhibit G – AICPA
• Exhibit H – 2024 RRF Budget Draft
• Exhibit I – TDA Reserve Study
• Exhibit J – 2024 New Equipment Fund
• Recording of Meeting

WORKSHOP #4: FRIDAY, OCTOBER 20 | 9AM
Tahoe Donner is holding its fourth and final board budget workshop in person at the Northwoods Clubhouse and online via Zoom.

The board will adopt the 2024 budget as presented with or without modification or provide direction to staff to refine fund contributions for approval at this meeting.

• Agenda
• Presentation
• Recording of Meeting

REGULAR BOARD MEETING: FRIDAY, OCTOBER 27 | 9AM
Propose the recommended Annual Assessment for Board approval