Here's one for you DVC Experts i.e. Dues !

[BEASLYBOO]

We're all part of DVC, every resort has dues based on the age of the resort. I pay my OKW dues along with all of the other OKW owners, so when OKW went through it's refurb., the monies available for that refurb. came strictly from OKW funding? Is that how it works or how does it work? I'm sure there's DVC funds from each resort earmarked for communal expenses like advertising but what about staffing etc.!

I raise the question because it appears that some resorts contract with different co.'s for mousekeeping. Clearly some do a better job than others. It also seems that some resorts get better quality furnishing for their refurbs, i.e. OKW had poorly re-varnished head boards, recrackled coffee tables but BWV seemed IMO to get better quality materials and or new furnishings in their refurb., how's that distinction made and with what funds?

I'm sure it's in my docs but if someone readily knows the answers, and can save me some time, I'd appreciate it!

 

[DebbieB]

We're all part of DVC, every resort has dues based on the age of the resort. I pay my OKW dues along with all of the other OKW owners, so when OKW went through it's refurb., the monies available for that refurb. came strictly from OKW funding? Is that how it works or how does it work? I'm sure there's DVC funds from each resort earmarked for communal expenses like advertising but what about staffing etc.!

I raise the question because it appears that some resorts contract with different co.'s for mousekeeping. Clearly some do a better job than others. It also seems that some resorts get better quality furnishing for their refurbs, i.e. OKW had poorly re-varnished head boards, recrackled coffee tables but BWV seemed IMO to get better quality materials and or new furnishings in their refurb., how's that distinction made and with what funds?

I'm sure it's in my docs but if someone readily knows the answers, and can save me some time, I'd appreciate it!

Dues are not based on the age of the resort. It's based on each resort's point structure and operating expenses. For example, OKW was the first DVC resort but does not have the highest dues. The newer resorts like BLT have lower dues per point but require more points per night of stay. The layout of the resort can make a difference too. For example, BLT has a very small footprint so there is not the large expenses of landscaping and roads like OKW or SSR.

Each year part of the dues goes to a reserve fund for renovations for that resort. They estimate the age on each item - for example how long they expect the roof to last. So if a roof lasts 15 years, they figure how much it will cost to replace and divide by 15 to figure how much is needed to be put aside per year. DVC manages it and it's really up to them to decide how much to reserve and how/when to spend it. Each resort also gets a share of common expenses, for example member services. You will receive a budget document in the next couple of weeks for 2012 which details the dues breakout for different expense categories.

 

[BEASLYBOO]

Thank you Debbie!