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 – August 2019 (unaudited)
Excluding Assessment Revenues
| Actual | Budget | Variance –
|
|||
| Revenue | $ 11,075,000 | $10,843,000 | $232,000 | ||
| Expense | $ (13,452,000) | $(13,752,000) | $300,000 | ||
| Net Operating Results (Loss) | $ (2,377,000) | $ (2,909,000) | $532,000 |
Consolidated Statement of Financial Position as of:
| 31-Aug‐19 (unaudited) |
31-Dec‐18 (audited) |
31-Aug-18 (unaudited) |
|
| Assets | $71,119,000 | $67,126,000 | $66,417,000 |
| Liabilities | $6,243,000 | $7,311,000 | $5,786,000 |
| Members’ Equity | $64,876,000 | $59,815,000 | $60,631000 |
