Financials
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 – June 2019 (unaudited)
Excluding Assessment Revenues
| Actual | Budget | Variance –
|
|||
| Revenue | $ 7,639,000 | $ 7,112,000 | $527,000 | ||
| Expense | $ (9,578,000) | $(9,581,000) | $3,000 | ||
| Net Operating Results (Loss) | $ (1,939,000) | $ (2,469,000) | $530,000 |
Consolidated Statement of Financial Position as of:
| 30-Jun‐19 (unaudited) |
31-Dec‐18 (audited) |
30-Jun-18 (unaudited) |
|
| Assets | $73,162,000 | $67,126,000 | $68,622,000 |
| Liabilities | $7,638,000 | $7,311,000 | $7,419,000 |
| Members’ Equity | $65,525,000 | $59,815,000 | $61,203,000 |
