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Old 11-28-2012, 02:10 PM   #46
mnra
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I understand some increase but the percentage seems out of whack. I forgot that the value of things in florida especially real estate have risen. As for trusting the management. It is a business so the more Clair show profit the better she looks. When you get into allocations and things do you really believe that this is done at an arms length. They can have different companies and different management but in reality aren;t they real one company under the Walt Disney Company umbrella. I like what I own it just seems like the increase is out of line this year.
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Old 11-28-2012, 03:04 PM   #47
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Originally Posted by tjkraz View Post
We either trust the management company to do a fair job of balancing costs and services or we get out.
So true. Last year my MF increased by an average of 4.81% which was higher than I was expecting. This year my MF increased by an average of 2.78%, less than what I was expecting. Overall, I've very happy with this years increase.
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Old 11-28-2012, 03:19 PM   #48
XGrumpy1
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Thanks for posting the new MF.

I will now need to figure the budget and payments. I had not thought about the MF yet, too busy planning for the holidays and my next trip to DL!
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Old 11-29-2012, 04:08 PM   #49
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Originally Posted by mnra View Post
I understand some increase but the percentage seems out of whack. I forgot that the value of things in florida especially real estate have risen. As for trusting the management. It is a business so the more Clair show profit the better she looks. When you get into allocations and things do you really believe that this is done at an arms length. They can have different companies and different management but in reality aren;t they real one company under the Walt Disney Company umbrella. I like what I own it just seems like the increase is out of line this year.
Each DVC resort is legally a separate "condominium." Each condominium is audited by independent, external auditors who will audit the allocation of expenses from the Walt Disney Company, and make sure that the rationale is sound. Can staff make mistakes that aren't caught by the auditors? Sure. Does fraud sometimes happen? Yes, upon occasion it does.

As someone who worked as an external auditor for 10 years, I will tell you that it is always a good thing to maintain your skepticism and to ask questions. Mistakes (and fraud) tend to happen when people get too complacent. However, we must always be careful to reserve judgment until we have all of the information.
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Old 11-29-2012, 04:17 PM   #50
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Originally Posted by floribr1 View Post
Each DVC resort is legally a separate "condominium." Each condominium is audited by independent, external auditors who will audit the allocation of expenses from the Walt Disney Company, and make sure that the rationale is sound. Can staff make mistakes that aren't caught by the auditors? Sure. Does fraud sometimes happen? Yes, upon occasion it does.

As someone who worked as an external auditor for 10 years, I will tell you that it is always a good thing to maintain your skepticism and to ask questions. Mistakes (and fraud) tend to happen when people get too complacent. However, we must always be careful to reserve judgment until we have all of the information.
Since the President of DVD/DVC and a couple of other upper managers were fired last year when the Aulani due numbers were called into question, it makes one wonder if other resorts developed by the same team also may have had dues issues.

Bill
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Old 11-30-2012, 09:01 AM   #51
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Originally Posted by kristenrice View Post
I bought $800 worth of Disney gift cards from Target and paid $722 for them. It looks like I'll have to get one more $50 card (for $47.50) which will make my total out-of-pocket cost about $790. I love Target! I'm saving about 9% on my MF's
how did you get the gift cards cheaper there, may I ask? thanks!
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Old 11-30-2012, 10:26 AM   #52
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how did you get the gift cards cheaper there, may I ask? thanks!
The Target RedCard (both the credit and the debit card) give you a 5% discount on all your purchases. The Disney gift cards are considered "entertainment cards" so they qualify for the discount. They recently sent out a coupon for 5% off your total, in addition to the regular 5%, so I used that to buy by $800 in gift cards.

Here's how it worked out...
...$800 - 5% coupon = $760
...$760 - 5% RedCard discount = $722

There's several threads about it on the budget board.
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Old 11-30-2012, 06:59 PM   #53
Rob S.
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I just got my budget for Aulani and the subsidized dues are $4.6990, NOT the $4.7716 that is listed on the first post.
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Old 12-01-2012, 06:34 AM   #54
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I just got my budget for Aulani and the subsidized dues are $4.6990, NOT the $4.7716 that is listed on the first post.
Does that amount include the property taxes? Sometimes, those are listed separately in the budget letters.
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Old 12-01-2012, 08:56 AM   #55
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Quote:
Originally Posted by lauriegs

how did you get the gift cards cheaper there, may I ask? thanks!
Just an FYI for those living in Texas...HEB is running a deal on gift cards thru this tues or wed where you can buy $300 for $250 with the in-store coupon. I bought enough to pay my annual dues yielding a 17% savings!
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Old 12-01-2012, 09:18 AM   #56
Rob S.
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Originally Posted by CarolMN View Post
Does that amount include the property taxes? Sometimes, those are listed separately in the budget letters.
Property taxes are included. Here is the breakout:
(excuse the formatting)

Operating Budget 5.6761
Capital Reserves 0.7807
Property Tax 0.4710
Build-out Subsidy (0.6749)
Developer Credit (1.5539)
Total 4.6990

In 2012 the developer credit was 1.4813. If the credit was the same in 2013, then then dues would have been 4.7716. But... the developer credit increase along with the dues. The dues for the subsidized contracts will go up the same percentage as the non-subsidized contracts.
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Old 12-02-2012, 12:50 AM   #57
MickeyMagic
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Aulani MF

I'm not understanding why the percentage of increase is different for Aulani pre vs post July27, 2011. Shouldn't they both increase by the same percentage?
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Old 12-02-2012, 08:33 AM   #58
hidingmickey
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Quote:
Originally Posted by kristenrice
I'm a little surprised at the 4.4% increase for AKV. I usually budget for a 3% increase so that caught me off guard. OTOH, only 1.4% for HHI was a nice surprise. It looks like my MF's will be about $870 this year. I bought $800 worth of Disney gift cards from Target and paid $722 for them. It looks like I'll have to get one more $50 card (for $47.50) which will make my total out-of-pocket cost about $790. I love Target! I'm saving about 9% on my MF's.

I have $40 deposited every two weeks into my online savings account which I use to pay our MF's every year. We bought our HHI contract direct last January and financed it. Since I budgeted about $1050 for MF's and I am only paying about $800, I can take the extra $250 in the account and make an extra payment on the loan,
Can you fill me in on paying your fees via gc? My son's school sells gcs and we get a percentage back so I like to buy them through his school. Thanks!!

Ok I saw a post that you just have to call in to do it right? What if we spread them out over the year, it just takes off the cost at the end of the year, does anyone know?

Haven't gotten any letters yet but since this is our first Jan with DVC, how can I figure out what our bill will be for 2013? Is it online yet or how do I calculate it...not sure how to figure this out.

Last edited by hidingmickey; 12-02-2012 at 08:50 AM.
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Old 12-02-2012, 09:24 AM   #59
hidingmickey
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yeh these numbers aren't working for me! I was under the impression that my dues were still for the whole year, but I see on the contract page it is prorated for 310 days...grr. Driving me nuts haha
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Old 12-02-2012, 09:39 AM   #60
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Quote:
Originally Posted by hidingmickey

Can you fill me in on paying your fees via gc? My son's school sells gcs and we get a percentage back so I like to buy them through his school. Thanks!!

Ok I saw a post that you just have to call in to do it right? What if we spread them out over the year, it just takes off the cost at the end of the year, does anyone know?

Haven't gotten any letters yet but since this is our first Jan with DVC, how can I figure out what our bill will be for 2013? Is it online yet or how do I calculate it...not sure how to figure this out.
You can't pay with a GC monthly. You have to pay the whole thing upfront in January.
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