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 – January 2020 (unaudited)
Excluding Assessment Revenues
| Actual | Budget | Variance –
|
|||
| Revenue | $2,042,000 | $1,868,000 | $174,000 | ||
| Expense | $ (1,885,000) | $(1,836,000) | ($49,000) | ||
| Net Operating Results (Loss) | $ 157,000 | $ 32,000 | $125,000 |
Consolidated Statement of Financial Position as of:
| 31-Dec‐18 (audited) |
31-Dec‐19 (audit in progress) |
31-Jan-20 (unaudited) |
|
| Assets | $67,126,000 | $71,486,000 | $80,443,000 |
| Liabilities | $7,311,000 | $8,030,000 | $9,707,000 |
| Members’ Equity | $59,815,000 | $63,446,000 | $70,736,000 |