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 – December 2019 (unaudited)
Excluding Assessment Revenues
| Actual | Budget | Variance –
|
|||
| Revenue | $14,696,000 | $14,215,000 | $481,000 | ||
| Expense | $ (19,542,000) | $(19,911,000) | $369,000 | ||
| Net Operating Results (Loss) | $ (4,846,000) | $ (5,696,000) | $850,000 |
Consolidated Statement of Financial Position as of:
| 31-Dec‐19 (unaudited) |
31-Dec‐18 (audited) |
31-Dec-18 (unaudited) |
|
| Assets | $71,478,000 | $67,126,000 | $67,126,000 |
| Liabilities | $8,006,000 | $7,311,000 | $7,311,000 |
| Members’ Equity | $63,472,000 | $59,815,000 | $59,815,000 |