VGC Public Report Questions?

[nunzia]

I got my Final report for VCG and there are a couple things I'm confused about
On the Operating Budget pages, it not only lists the 48 Vacation Club Units, but the 200 new hotel rooms as well. Why is this? They are combined as one entity in several places. Does this mean we 'own' these hotel rooms too because of future possible DVC expansion? (this is the first page after the 12 page opening section.)
On the Occupancy Information pages, why don't the totals add up to 100% but go way higher? How is this figured? Example: OKW Occupancy, March 08: Member, 67.84%, Renter, 60.64%, Combined 87.34%
Anyone know?

 

[drusba]

VGC obviously has info in it that is not required in Florida but is required by California law. Cannot tell what is actually going on with the hotel units without seeing it but you definitely do not own any interest in the hotel units. Possibly they are required to show the budget for the entire facility and the shares being given to both sides, unlike in Florida where they only need to show the DVC share of a resort where costs are being shared with a Disney hotel. The occupancy percentages appear to be showing that of all the units/occupancy time during the month about 67% was occupied by members and that left 33% of the units/occupancy time available for rental of which 60% was rented. In other words the actual rental occupancy of all units was only about 20% and total occupancy was about 87%.