Has anyone gotten their dues notice?

[DebbieB]

Has anyone done a comparison by category for AKV or BLT to see where the difference is?

I only have BWV and did a comparison:
Comparing 2011 to 2012, no major differences in any categoy. Insurance is down, maintenance, utilities are down slightly. Front desk, housekeeping, member activities, transportation are up slightly. Total operating expenses went from 3.7248 to 3.784 before revenue credits (3.5774 to 3.6272 after). Capital reserves budget exactly the same (.9211). Property tax estimate went from .9567 to 1.0677 (that's actually the majority of the total increase). Total dues from 5.4552 to 5.6160 (+2.9%).

 

[wdrl]

Has anyone done a comparison by category for AKV or BLT to see where the difference is?

I only have BWV and did a comparison:
Comparing 2011 to 2012, no major differences in any categoy. Insurance is down, maintenance, utilities are down slightly. Front desk, housekeeping, member activities, transportation are up slightly. Total operating expenses went from 3.7248 to 3.784 before revenue credits (3.5774 to 3.6272 after). Capital reserves budget exactly the same (.9211). Property tax estimate went from .9567 to 1.0677 (that's actually the majority of the total increase). Total dues from 5.4552 to 5.6160 (+2.9%).

I did a comparison of the 2011 and 2012 budgets for AKV and BLT on the DVCNews Forum (http://dvcnews.com/forum/showthread.php?9506-2012-Disney-Vacation-Club-dues).

Here is what I posted:


In 2012, BLT's proposed MF is increasing 8.41% from $3.8943 to $4.2219.

The increase of $0.3276 is primarily due to increases in the following budget line items:

Housekeeping -- $0.1089
Ad Valorem Taxes -- 0.0941
Utilities -- 0.0611
Interior Refurbishment Reserves -- 0.0511
Management Fee -- 0.0293


These five line items account for $0.3445.


In 2012, AKV's proposed MF is increasing 8.40% from $5.0143 to $5.4356.

The increase of $0.4213 is spread across several budget line items at AKV. The largest dollar increases were seen in the following items:


Housekeeping -- $0.2096
Ad Valorem Taxes -- 0.0945
Maintenance -- 0.0630
Management Fee -- 0.0337
Roof Replacement/Repair Reserves -- 0.0224
Utilities -- 0.0221


These six line items account for $0.4453 of AKV's 2012 budget.

Its interesting to note that both AKV and BLT have similar increases in their ad valorem taxes for 2012. Its also interesting to note that both AKV and BLT will have relatively large increases in their Housekeeping budgets. In BLT's case, it will be a 20.0% increase; in AKV's case, it will be a 37.26% increase

 

[rmcildw2m]

I got a pamplet showing the cost increse for 2012 at HHI .It is going up a good bit over last year .

 

[Splashboat]

I found this info.:

2012 Disney Vacation Club Dues Announced
By Denise Shively
23 NOVEMBER 2011 NO COMMENT
While the 2011 Condo Association Club haven’t met yet, the estimated 2012 Disney Vacation Club dues have been leaked earlier. In addition to timeshare costs, DVC owners must pay dues every year in order to help cover operating costs, such as resort employees, park transportation, utilities, and other upkeep.

It appears that Bay Lake Tower will see the largest increase in dues, followed very closely by the Animal Kingdom Villas. Here are the expected 2012 dues and how much they have increased:

Resort 2012 Dues Increase
Animal Kingdom Villas $5.4356 +8.40%
Aulani (Subsidized) $4.4794 +3.93%
Aulani (non-Subsidized) $5.9607 +4.02%
Bay Lake Tower $4.2219 +8.41%
Beach Club Villas $5.5043 +4.34%
BoardWalk Villas $5.6160 +2.95%
Grand Californian $4.3255 +6.28%
Hilton Head $5.9290 +4.47%
Old Key West $5.2035 +4.44%
Saratoga Springs $4.7309 +4.84%
Vero Beach $7.1163 +5.02%
Wilderness Lodge $5.6096 +4.99%
In the next few weeks, DVC members will be receiving detailed information about the 2012 budgets for all of the resorts. During the 2011 board meetings next month, the budgets will be formally ratified.

 

[DebbieB]

I did a comparison of the 2011 and 2012 budgets for AKV and BLT on the DVCNews Forum (http://dvcnews.com/forum/showthread.php?9506-2012-Disney-Vacation-Club-dues).

Here is what I posted:


In 2012, BLT's proposed MF is increasing 8.41% from $3.8943 to $4.2219.

The increase of $0.3276 is primarily due to increases in the following budget line items:

Housekeeping -- $0.1089
Ad Valorem Taxes -- 0.0941
Utilities -- 0.0611
Interior Refurbishment Reserves -- 0.0511
Management Fee -- 0.0293


These five line items account for $0.3445.


In 2012, AKV's proposed MF is increasing 8.40% from $5.0143 to $5.4356.

The increase of $0.4213 is spread across several budget line items at AKV. The largest dollar increases were seen in the following items:


Housekeeping -- $0.2096
Ad Valorem Taxes -- 0.0945
Maintenance -- 0.0630
Management Fee -- 0.0337
Roof Replacement/Repair Reserves -- 0.0224
Utilities -- 0.0221


These six line items account for $0.4453 of AKV's 2012 budget.

Its interesting to note that both AKV and BLT have similar increases in their ad valorem taxes for 2012. Its also interesting to note that both AKV and BLT will have relatively large increases in their Housekeeping budgets. In BLT's case, it will be a 20.0% increase; in AKV's case, it will be a 37.26% increase

It's interesting that housekeeping is up so much at BLT & AKV. At BWV, the housekeeping increase was .0234 per point or about 3.3%. Maybe they discovered that they had to increase housekeeping staff? They all should get paid the same so I don't see where it could be increased salaries or benefits. One possibility about BLT is the rooms are turned over more frequently because of the high points.

 

[tjkraz]

At Grand Californian, the big culprit was "Administration and Front Desk." That category went from $.4789 per point in 2011 to $.6017 per point in 2012. That's a 26% increase.

Housekeeping at VGC was up modestly from $.6825 to $.7118. Reserves went up 1.5 cents and taxes were identical.

Saratoga Springs has increases in multiple categories but nothing that really stands out. Housekeeping appears to be the biggest from $.6357 to $.6995, a 10% increase. Administration is also up nearly 10% from $.3827 to $.4206. Reserve contributions went up $.03 (about 3%) and taxes were up just over a penny per point.

 

[going/again]

At Grand Californian, the big culprit was "Administration and Front Desk." That category went from $.4789 per point in 2011 to $.6017 per point in 2012. That's a 26% increase.

Housekeeping at VGC was up modestly from $.6825 to $.7118. Reserves went up 1.5 cents and taxes were identical.

Saratoga Springs has increases in multiple categories but nothing that really stands out. Housekeeping appears to be the biggest from $.6357 to $.6995, a 10% increase. Administration is also up nearly 10% from $.3827 to $.4206. Reserve contributions went up $.03 (about 3%) and taxes were up just over a penny per point.

Why is the management fee up by more at BLT than AKV surely at a smaller resort like BLT it should at most be only the the same%, or is there something we are missing?

 

[wdrl]

It's interesting that housekeeping is up so much at BLT & AKV. At BWV, the housekeeping increase was .0234 per point or about 3.3%. Maybe they discovered that they had to increase housekeeping staff? They all should get paid the same so I don't see where it could be increased salaries or benefits. One possibility about BLT is the rooms are turned over more frequently because of the high points.

Like you say, perhaps BLT's management has decided to add more housekeeping staff. If that translates into villas being available a little quicker each Use Day, then that should be well received by BLT guests.

 

[DebbieB]

Why is the management fee up by more at BLT than AKV surely at a smaller resort like BLT it should at most be only the the same%, or is there something we are missing?

See the description page.

Here's what it has for BWV:

The management fee is 12% of the total operating budget (total operating expenses less the sum of interest income, member late fees and interest and breakage income), capital reserves budget exclusive of real estate taxes, transportation fees and the management fee.

 

[DenLo]

It's interesting that housekeeping is up so much at BLT & AKV. At BWV, the housekeeping increase was .0234 per point or about 3.3%. Maybe they discovered that they had to increase housekeeping staff? They all should get paid the same so I don't see where it could be increased salaries or benefits. One possibility about BLT is the rooms are turned over more frequently because of the high points.

I think you might be right. Less nights for average stay means more full cleanings of each villa over a year's time.

 

[tjkraz]

Why is the management fee up by more at BLT than AKV surely at a smaller resort like BLT it should at most be only the the same%, or is there something we are missing?

The management fee is a fixed 12% of all dues items except transportation, taxes and the management fee. So as there are increases in other areas, the management fee will increase, too.

 

[DebbieB]

At Grand Californian, the big culprit was "Administration and Front Desk." That category went from $.4789 per point in 2011 to $.6017 per point in 2012. That's a 26% increase.

Housekeeping at VGC was up modestly from $.6825 to $.7118. Reserves went up 1.5 cents and taxes were identical.

With only 48 rooms, I wonder if they even added a front desk person when the villas opened? Is DVC still paying for the new regular rooms?

 

[tjkraz]

With only 48 rooms, I wonder if they even added a front desk person when the villas opened? Is DVC still paying for the new regular rooms?

The physical front desk was expanded so I'm assuming staffing increased. Unless they were dramatically overstaffed to begin with, they couldn't just add 200+ hotel rooms and 50-75 villas (lockoffs) without increasing capacity in support services.

DVC has never paid for the regular rooms. There are some areas in the expansion wing designated as "condominium common expenses" which are shared between the hotel rooms and villas. The budget lists operating costs for those areas, and then divides the costs between the hotel and villas.

 

[Garthilk]

The physical front desk was expanded so I'm assuming staffing increased. Unless they were dramatically overstaffed to begin with, they couldn't just add 200+ hotel rooms and 50-75 villas (lockoffs) without increasing capacity in support services.

DVC has never paid for the regular rooms. There are some areas in the expansion wing designated as "condominium common expenses" which are shared between the hotel rooms and villas. The budget lists operating costs for those areas, and then divides the costs between the hotel and villas.

This is the sticky area in which VGC DVC members do pay for the hotel rooms. AKA, housekeeping. Who's hallway is it to vaccum, who's vaccum broke, who's cleaning supplies, who's doing the laundry for the 200 hotel rooms? I'm going to guess DVC paid housekeepers.

 

[DebbieB]

The physical front desk was expanded so I'm assuming staffing increased. Unless they were dramatically overstaffed to begin with, they couldn't just add 200+ hotel rooms and 50-75 villas (lockoffs) without increasing capacity in support services.

DVC has never paid for the regular rooms. There are some areas in the expansion wing designated as "condominium common expenses" which are shared between the hotel rooms and villas. The budget lists operating costs for those areas, and then divides the costs between the hotel and villas.

I thought the VGC budget was based on 48 villas plus ____ hotel rooms. I don't own there so I don't have a copy.

 

[DizGirl20]

There really is no reason to think that dues costs would change at a similar rate across the board. It's like thinking that your neighbor's roof, driveway and carpet would wear at the same pace as your own.

Good analogy, thanks!

 

[hakepb]

I almost wonder if segmenting caused some of the mousekeeping increases. I would love to see the room turnover stats, though.

But it also seems too coincidental that the resorts with 2 bathrooms in a 1BR also had the largest mousekeeping increases...

 

[MinnieVanMom]

I just received my booklets today for OKW and SSR. I am glad to know about the increase but still wish the dues were set to a different fiscal time. I hate having to just finish Christmas and get hit with a $1K in MF in January. How about something like July when I am all recovered from Christmas, DVC fees and the dreaded April 15th taxes.

 

[DebbieB]

I just received my booklets today for OKW and SSR. I am glad to know about the increase but still wish the dues were set to a different fiscal time. I hate having to just finish Christmas and get hit with a $1K in MF in January. How about something like July when I am all recovered from Christmas, DVC fees and the dreaded April 15th taxes.

Are you in the US? You can have it drawn monthly from a bank account.

 

[Mousewerks]

Just for a data point, we got our SSR booklet over the weekend.