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 – September 2019 (unaudited)
Excluding Assessment Revenues
| Actual | Budget | Variance –
|
|||
| Revenue | $11,927,000 | $11,809,000 | $118,000 | ||
| Expense | $ (14,953,000) | $(15,370,000) | $417,000 | ||
| Net Operating Results (Loss) | $ (3,026,000) | $ (3,561,000) | $535,000 |
Consolidated Statement of Financial Position as of:
| 30-Sep‐19 (unaudited) |
31-Dec‐18 (audited) |
30-Sep-18 (unaudited) |
|
| Assets | $69,784,000 | $67,126,000 | $65,381,000 |
| Liabilities | $5,300,000 | $7,311,000 | $4,878,000 |
| Members’ Equity | $64,484,000 | $59,815,000 | $60,503,000 |
