If you have the time you should read the annual budget. For those who have read it what things did you learn about the operations of DVC? I have learned the following:
1. The management fee is set a percentage of the budget
2. The budgets lists out how many points Disney is holding as of December 31, 2005 as unsold inventory. I would assume that they are ROFR points that were not sold.
3. It appears that Disney does not pay MF on the unsold inventory due to the guarantee
4. Breakage revenue is capped at a percentage with the rest going to Disney for selling the rooms
Here is a test to see if you really read the OKW budget:
Also for those who read the OKW budget did you find the part of the budget where someone's notes on correcting the layout were left in? "Date and amount were showing grey SB black. Spacing between budget and and."
1. The management fee is set a percentage of the budget
2. The budgets lists out how many points Disney is holding as of December 31, 2005 as unsold inventory. I would assume that they are ROFR points that were not sold.
3. It appears that Disney does not pay MF on the unsold inventory due to the guarantee
4. Breakage revenue is capped at a percentage with the rest going to Disney for selling the rooms
Here is a test to see if you really read the OKW budget:
Also for those who read the OKW budget did you find the part of the budget where someone's notes on correcting the layout were left in? "Date and amount were showing grey SB black. Spacing between budget and and."
