Image courtesy of Olof CarmelŠ of The Carmel Gallery in Truckee, TheCarmelGallery.com
Re-investing previously accumulated funds of the Association. Refer to the capital discussion starting on page 8 for full details.
$2.1 Million | purchase of Euer Valley land (482 acres) $950,000 expended in 2011, for $3.0 million total purchase price. This adjacent land acquisition adds significant recreational and other benefits to the Association’s members. Recreational amenity expansion funds were used for this purchase.
$1.3 Million | purchase of Forestry building (8,841 sq ft)
$3.7 Million
and land (20 acres)
Replacement of 40+ year old dilapidated building in new location significantly reduced cost than construction of a new facility.
$113,000 or 2.5% Favorable Net Operating Results in Operating Fund $8.2 Million in Revenues, under Budget $1.0 million or 11% $12.6 Million in Costs, under Budget $1.1 million or 8% (See next page for further details.)
Replacement Reserve fund expenditures Includes replacement of grooming machines, maintenance and forestry buildings and component costs.
ANNUAL ASSESSMENT PER OWNER (BY FUND) 2012 2011 2010 2009
$695
$400
$695
$360
$695
$348
$695
$334
$250
$30
$250
$25
$232
$25 $25
Operating Fund CAGR 2.3% Capital Funds CAGR 7.3% Total Assessment CAGR 4.6%
$146
2008 2007 $-
$200
$330
$17
$619
$318
$22 $138
$400
$600
$800
$1,000
Compounded Annual Growth Rate (CAGR), 2007 to 2012
$143
$660
Annual Assessment per Owner (by fund)
$1,200
$1,400
OPERATING
NEW MACHINERY AND EQUIPMENT
REPLACEMENT RESERVE
DEVELOPMENT (REG AND BLDG REPL)
Accumulating funds over time to address the aging infrastructure needs of your association, consistent with the General Plan, while striving to optimize the operating fund portion of your assessment.
Tahoe Donner 2012 Annual Report |
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