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 – March 2020 (unaudited)
Excluding Assessment Revenues
| Actual | Budget | Variance –
|
|||
| Revenue | $4,977,000 | $5,683,000 | ($706,000) | ||
| Expense | $ (4,783,000) | $(5,341,000) | $558,000 | ||
| Net Operating Results (Loss) | $ 194,000 | $ 342,000 | ($148,000) |
Consolidated Statement of Financial Position as of:
| 31-Dec‐18 (audited) |
31-Dec‐19 (audited) |
31-Mar-20 (unaudited) |
|
| Assets | $67,126,000 | $71,428,000 | $79,242,000 |
| Liabilities | $7,311,000 | $8,032,000 | $9,530,000 |
| Members’ Equity | $59,815,000 | $63,396,000 | $69,712,000 |