Could some of the DVC dues paid help keep up parts of the regular resorts?

[SL6827]

For the DVC resorts that are combined within a Disney resort, has anyone ever suspected that the dues paid may also help fund some upkeeps of the regular resort?

Like transportation, security or the animals at AKVs. Just a thought.

 

[CMNJ]

Since they are part of the "regular" resort dues should and do pay for upkeep of the common areas (pool, lobby, transportation). The portion that is assigned to DVC vs the cash side of the resort is what there is sometimes debate here about and how they determine that. If you look at the annual dues statements transportation, housekeeping and such are lines on the budget.

 

[disneynutz]

It's not something that Disney talks about. How do they keep track, what are the formulas? How and when are they audited and to what depth?

My concern is that DVC has made mistakes in the past that weren't initially caught.

Bill

 

[supersnoop]

For the DVC resorts that are combined within a Disney resort, has anyone ever suspected that the dues paid may also help fund some upkeeps of the regular resort?

Like transportation, security or the animals at AKVs. Just a thought.

For amenities that are shared between DVC and Disney, they allocate a percentage of the cost based on occupancy. So, yes, DVC dues pay for transportation and security to the extent that people staying in the DVC rooms use those amenities.

"Animals Programs" make up about 7% of the budget for AKV.

 

[wnielsen1]

I imagine that DVC has to provide a copy of the audit report upon request. How would one request it? Is this a question for MS?

 

[_auroraborealis_]

I imagine that DVC has to provide a copy of the audit report upon request. How would one request it? Is this a question for MS?

If this were a typical condo association, sure. But this is a condo association where "members" get no votes and don't designate the Board, so it would surprise me not at all if there were no open financials.

Put another way: If it were as easy as requesting it, don't you think any one of the DVC/Disney news sites would have done so and written it up?

 

[KAT4DISNEY]

I imagine that DVC has to provide a copy of the audit report upon request. How would one request it? Is this a question for MS?

I believe I have read that one can review certain info but you must set up a meeting to go do so in person.

 

[floribr1]

I imagine that DVC has to provide a copy of the audit report upon request. How would one request it? Is this a question for MS?

I believe I have read that one can review certain info but you must set up a meeting to go do so in person.

When we initially became members (back in 2010) we were provided copies of the audited financials as part of our membership materials. I am a CPA by profession, so I read these with interest at the time. If I recall correctly, I think I was told that the most recent financials were available upon request to Membership Accounting. I haven't been interested enough to make that call, but perhaps I will now...

 

[Deb & Bill]

Every year DVC mails out annual reports for each resort. It has the breakdown for the budget for the past year and for the upcoming year. It's not terribly detailed, but it is broken down to general levels. It usually includes the life of the existing facilities at the resort, like roof, interiors, utility systems, etc.

 

[drusba]

Florida law gives any member the right to inspect the records of the association including any financial records and to make and obtain copies at a reasonable expense, Florida Statutes 718.111 (12) (c). Under the DVC Property Management Agreement for each resort (attached to the Declarations), the entity that officially keeps and maintains such records is the Disney Vacation Club Management Corporation (DVCMC), the management company for all the resorts, which Membership Accounting is a part of, and it is required to allow members access to such records upon reasonable request at reasonable times. Thus to get a copy of any records, you should likely send a request to DVCMC or Membership Accounting at DVC's general address for all DVC entities: 1390 Celebration Blvd, Celebration, FL 34747. You may be required to go to Florida to review the documents.

Expenses related to common elements of the resort or services provided by outside agencies (such as transportation) used by both DVC members and hotel guests are to be divided with each group paying its pro rata share as determined by generally accepted accounting prinicles which allow varying methods to determine shares, e.g., could be based on occupancy or could be based on square footage of the the DVC units in relation to the square footage of hotel rooms.

 

[Dean]

For the DVC resorts that are combined within a Disney resort, has anyone ever suspected that the dues paid may also help fund some upkeeps of the regular resort?

Like transportation, security or the animals at AKVs. Just a thought.

Technically nor but timesharing requires a certain amount of trust. Once one believes the timeshare isn't living up to that trust level on the management side (sales is different IMO) then they shouldn't play in the sandbox.

 

[disneynutz]

We really don't have any choice but to trust DVC. Mistakes are made though and are often not caught until something happens. If so many major other companies have been caught, one would think that most companies also make similar mistakes. Money is a companies only reason for being and major pressure is place budgets, cutting costs, increasing sales and revenue and sometimes this pressure results in mistakes like Aulani, Wells Fargo, Enron and the list goes on.

DVC has always made me question their decisions for things like housekeeping, they could do a better job, add a few more housekeepers, do more room inspections, have more rooms ready before 4:00 but they don't. Is their accounting process and they way that they charge the resort and DVC keeping them from increasing housekeeping just to DVC?

Bill

 

[Dean]

We really don't have any choice but to trust DVC. Mistakes are made though and are often not caught until something happens. If so many major other companies have been caught, one would think that most companies also make similar mistakes. Money is a companies only reason for being and major pressure is place budgets, cutting costs, increasing sales and revenue and sometimes this pressure results in mistakes like Aulani, Wells Fargo, Enron and the list goes on.

DVC has always made me question their decisions for things like housekeeping, they could do a better job, add a few more housekeepers, do more room inspections, have more rooms ready before 4:00 but they don't. Is their accounting process and they way that they charge the resort and DVC keeping them from increasing housekeeping just to DVC?

Bill

we have a choice. Don't participate.