2004 Operating Budget Comparisons

[TroyWDW]

I'm curious how each of the DVC Resorts compare in operating budgets. Below is the 2004 budget for BWV.

Could somebody from each resort enter the 2004 numbers for: OKW, WLV, BCV, HH, and VB. I'll put a blank template in a message following this one for folks to copy and paste into their note. I'm assuming each budget has the same line items. I used the # tag (CODE /CODE) to create the monospaced characters to make the table more readable. Thanks.

Troy

2004 Estimated Operating Budgets for the DVC Resorts

                      ---- Boardwalk ---   ---- BeachClub ---   --- OldKeyWest ---   --- Wilderness ---

Revenue Components:      Annual$ $/Point      Annual$ $/Point      Annual$ $/Point      Annual$ $/Point
Interest Income.....      63,773  0.0130       37,525  0.0124       91,617  0.0119
Member Late Fees....     112,246  0.0230       20,329  0.0067      135,489  0.0177
Breakage Income.....     433,237  0.0886      263,261  0.0870      566,905  0.0739
Dues Assessment.....  14,406,405  2.9468    8,654,327  2.8590   18,791,584  2.4484
====================  ==========  ======   ==========  ======   ==========  ======   ==========  ======
Total Rev & Income:   15,015,661  3.0714    8,975,442  2.9651   19,585,595  2.5519

Cost Components:         Annual$ $/Point      Annual$ $/Point      Annual$ $/Point      Annual$ $/Point
Admin and Front Desk   2,414,320  0.4938    1,728,763  0.5711    3,017,997  0.3932
Annual Audit........      10,506  0.0021       10,506  0.0035       10,506  0.0014
DVC Reservation.....      22,609  0.0046       13,378  0.0044       35,718  0.0047
Fees to the Division      39,066  0.0080       21,216  0.0070       54,162  0.0071
Housekeeping........   4,166,958  0.8523    2,478,290  0.8187    5,006,421  0.6523
Income Taxes........      93,366  0.0191       59,383  0.0196      133,686  0.0174
Insurance...........     536,193  0.1097      576,360  0.1904    1,093,213  0.1424
Legal...............       2,000  0.0004        2,000  0.0007        2,000  0.0003
Maintenance.........   2,823,897  0.5776    1,378,711  0.4555    2,861,386  0.3728
Management Fee......   1,710,749  0.3499    1,074,474  0.3550    2,053,851  0.2676
Member Activities...     731,015  0.1495      694,723  0.2295      479,575  0.0625
Tax on Support Facil     247,936  0.0507         none    none         none    none
Security............     221,377  0.0453      115,706  0.0382      455,485  0.0593
Transportation......     929,258  0.1901      238,756  0.0789    2,940,040  0.3831
Utilities...........   1,066,410  0.2181      583,176  0.1927    1,441,556  0.1878
====================  ==========  ======   ==========  ======   ==========  ======   ==========  ======
Total Oper Expenses:  15,015,660  3.0712    8,975,442  2.9652   19,585,596  2.5519

Annual Dues per Point:            4.2515               4.1786               3.6766

 

[TroyWDW]

Below is the Data Entry template.

{resort name here} - 2004 Estimated Operating Budget

------ Revenue Components ------------    Annual $     $/Point
Interest Income - Operating & Taxes...
Member Late Fees and Interest.........
Breakage Income.......................
Dues Assessment Revenue...............


------ Cost Components ---------------    Annual $     $/Point
Administration and Front Desk.........
Annual Audit..........................
DVC Reservation Component.............
Fees to the Division..................
Housekeeping..........................
Income Taxes..........................
Insurance.............................
Legal.................................
Maintenance...........................
Management Fee........................
Member Activities.....................
Sales Tax on Support Facilities.......
Security..............................
Transportation........................
Utilities.............................
======================================  ==========      ======
             Total Operating Expenses:

                Annual Dues per Point:

 

[sheryl0521]

Here are the numbers, but I couldn't get the tag to work...

BCV - 2004 Estimated Operating Budget

<code>------ Revenue Components ------------ Annual $ $/Point
Interest Income - Operating & Taxes... 37,525 0.0124
Member Late Fees and Interest......... 20,329 0.0067
Breakage Income....................... 263,261 0.0870
Dues Assessment Revenue............... 8,654,327 2.8590


------ Cost Components --------------- Annual $ $/Point
Administration and Front Desk......... 1,728,763 0.5711
Annual Audit.......................... 10,506 0.0035
DVC Reservation Component............. 13,378 0.0044
Fees to the Division.................. 21,216 0.0070
Housekeeping.......................... 2,478,290 0.8187
Income Taxes.......................... 59,383 0.0196
Insurance............................. 576,360 0.1904
Legal................................. 2,000 0.0007
Maintenance........................... 1,378,711 0.4555
Management Fee........................ 1,074,474 0.3550
Member Activities..................... 694,723 0.2295
Sales Tax on Support Facilities....... budget doesn't have this item
Security.............................. 115,706 0.0382
Transportation........................ 238,756 0.0789
Utilities............................. 583,176 0.1927
====================================== ========== ======
Total Operating Expenses: 8,975,773 2.9650

Annual Dues per point = 4.1786

</code>

 

[RobDoc]

Here is a report about <a href="http://disboards.com/showthread.php?s=&threadid=469480">2004 Maintenance Fees</a> from a few days ago with most of the information, plus a history for the past.

Enjoy!

 

[TroyWDW]

Sheryl, thanks for posting the data. I copied your information into the original message at the top.


Doc, I was looking for the line item detail. The other thread doesn't appear to have this information. Thanks for the reference.

Troy

 

[RobDoc]

Here is the line item detail for 2002-2004 at <a href="http://disboards.com/showthread.php?s=&threadid=469506">HH.</a>

 

[PKS44]

I realize BWV is bigger than BCV but why is there such a huge disparity on how much each pays for transportation per point? BWV is more than double yet they use the same transport? Does BWV really use more than double the transportation of BCV????

 

[PamOKW]

I'm curious about how many Vacation Homes are used to determine the budgets.

 

[sheryl0521]

BCV reports 208 vacation homes.

 

[RAD]

Originally posted by PKS44
I realize BWV is bigger than BCV but why is there such a huge disparity on how much each pays for transportation per point? BWV is more than double yet they use the same transport? Does BWV really use more than double the transportation of BCV????

I have the same question about transportation charges for BWV vs. BCV.

 

[sheryl0521]

I just double checked my AR and the BCV transportation numbers are OK (thought maybe I had miss-keyed them.)

 

[TroyWDW]

I updated the top message to make it easier to read across the table to compare.

Any OKW or WLV folks have their Annual Report data handy? Please follow the template in the second message from the top.

Have a good Thanksgiving and thanks again for helping to share the information.

Troy

P.S. Yes, I find the transportation numbers to be very interesting also! I'm also curious to see the Security numbers for the other resorts.

 

[MiaSRN62]

Here is OKW's.........

Old Key West - 2004 Estimated Operating Budget

------ Revenue Components ------------ Annual $ $/Point
Interest Income - Operating & Taxes... 91,617 0.0119
Member Late Fees and Interest......... 135,489 0.0177
Breakage Income....................... 566,905 0.0739
Dues Assessment Revenue............... 18,791,584 2.4484


------ Cost Components --------------- Annual $ $/Point
Administration and Front Desk......... 3,017,997 0.3932
Annual Audit.......................... 10,506 0.0014
DVC Reservation Component............. 35,718 0.0047
Fees to the Division.................. 54,162 0.0071
Housekeeping.......................... 5,006,421 0.6523
Income Taxes.......................... 133,686 0.0174
Insurance............................. 1,093,213 0.1424
Legal................................. 2,000 0.0003
Maintenance........................... 2,861,386 0.3728
Management Fee........................ 2,053,851 0.2676
Member Activities..................... 479,575 0.0625
Sales Tax on Support Facilities....... n/a n/a
Security.............................. 455,485 0.0593
Transportation........................ 2,940,040 0.3831
Utilities............................. 1,441,556 0.1878
====================================== ========== ======
Total Operating Expenses: 19,585,595 2.5519

Annual Dues per Point: 3.6766
Bases on 531 Vacation Homes

 

[MiaSRN62]

Oh boy.....my post didn't come out very well ? The columns didn't stay ? What did I do wrong ?

 

[PKS44]

So whom do I write to get an answer to this question:

Why does BWV pay so much more for transportation than BCV?
The total BWV transportation budget is more than 3.89 times the BCV budget. The price per point is over 2.4 times higher. Are there nearly 4 times as many guests at BWV compared to BCV? I realize there are more rooms but not more than double...I realize there are some Grand Villas and maybe more 2BR? I don't know but 4 times the capacity? As a BWV owner and guest I just don't understand why I am paying more than double for transportation when I stay in any BWV preferred view room as compared to the same size room at BCV...Something is not right with this formula...

Paul

 

[PamOKW]

PKW44 -- What is the number of Vacation Homes they use to determine the BWV budget? (Please share that #). Comparing that would be a starting point. You could then look at some of the other categories as well and see whether Transportation is excessively higher than the other BCV budget categories. But, it does look kind of strange to me, too. I guess Jackie Lueders would be a place to start with questions.

 

[PKS44]

The Budget says "383 Vacation Homes"

it makes no sense--BWV gets no more transportation than BCV--it gets the same number of boats and buses..so the cost spread out over more people should be LOWER not more than 2 times higher...When I get a chance I am calling accounting as they suggest in the Budget.

 

[TroyWDW]

Thanks Maria for posting the OKW numbers.

The reason your post looks different is due to how the hyper text markup language (HTML) works. If you type multiple spaces, they will be displayed as a single space, the others are discarded.

In my post, I used a special HTML tag (CODE /CODE) to force the multiple spaces to be displayed.


Anybody from the Wilderness Lodge Villas with their numbers?

Troy

 

[PKS44]

WOW! Look at OKW transportation budget! Not sure why so much more than the others--but at BCV and BWV where the transportation is basically identical as it is shared the difference is more difficult to understand.

 

[PamOKW]

Here's a theory on the Transportation difference --

Possibly the Budget is divided up by total Resort. BWV/BWI, Dolphin/Swan, Yacht Club Beach Club/BCV. Then, within each resort it is prorated. I'm not sure whether Yacht Club would be included with Beach Club but for this let's say it is seperate. I'm also not sure of the real ratio of resort to DVC rooms but we can agree that BWV is bigger than BWI and BC is bigger than BCV.

Total Transportation Costs -- $200,000 divided by 4 resorts. Each resort billed $50,000.

BC/BCV divides the bill 70% BC and 30% BCV. BCV's bill is $15,000 Divided by 208 Homes that's roughly $72 per Home.

BW/BWV divides the bill 70% BWV and 30% BWI. BWV's bill is $35,000. Divided by 383 Homes it's roughly $91 per Home.

Each "resort" is billed the same but the division within the resort can make a difference in the DVC bill.