Estimated Operating Budget For The Year Jan 1 - Dec 31 2021 now posted on DVC website

[Jpurce03]

Originally Posted by Lamima

AKV:$8.0728
BCV:$7.4373
BWV:$7.8126
BLT: $6.8998
VGF: $6.8118
SSR: $7.1110
Poly $7.0542
RR:$8.3833
HHI: $9.9730
VBR: $8.8560/$11.2307
OKW: $8.3578
VGC: $6.9927
AUL: $ $6.2799 /$8.3539
BRV: $8.1062
CCV: $7.5903

Weird allocations of budgets as you read into it. I do wonder if there will be a 2020 credit offset.

But 2 things: 1) the three active resorts has basically 0% increase and AUL and CCV have the biggest direct incentives right now. 2) How do dues go up when resorts are closed for months and there are 28k layoffs (proportionally DVC from what I understand).

Meanwhile on Wall St. DIS made 30B in the stock market yesterday. I bet that gets pocketed by shareholders, but the entertainment expenses (about 1/50th) aren’t so lucky.

I work on Wall St. and calling out greed. If a Wall St bank is a better corporate citizen than DIS - something is wrong (!).

[brewsard2]

Originally Posted by carolina_yankee

What are the double digit percentage increases at Hilton Head and Vero Beach about?

5% seems to be the norm across the board with a few variations.

I immediately regret my decision to buy HHI. Don't even have the points yet!

[sawickipedia]

Originally Posted by Jpurce03

Weird allocations of budgets as you read into it. I do wonder if there will be a 2020 credit offset.

But 2 things: 1) the three active resorts has basically 0% increase and AUL and CCV have the biggest direct incentives right now. 2) How do dues go up when resorts are closed for months and there are 28k layoffs (proportionally DVC from what I understand).

Meanwhile on Wall St. DIS made 30B in the stock market yesterday. I bet that gets pocketed by shareholders, but the entertainment expenses (about 1/50th) aren’t so lucky.

I work on Wall St. and calling out greed. If a Wall St bank is a better corporate citizen than DIS - something is wrong (!).

Go look at my spreadsheet - all new resorts have lower than avg annual increases and that has been the case for 20 yrs - no conspiracy theory required.

The layoffs were required to allow CMs to qualify for additional UI benefits if they get approved by Congress. All laid off CMs have an 18 month recall right meaning DIS has to offer them their old jobs back before hiring any replacements.

[FessParker1]

OKW has a bigger increase because it's less points to stay there per night. If its 17 points per night to stay at Poly and 10 pts to stay at OKW the Poly night is providing more per night towards all fees.

[lovindisney]

This is exactly why I did not flinch at the MFs for the RR when I bought. They always go up, never down. Disney will pass on any increases in the form of MFs. Now, if we could just get quality housekeeping!

[Nickys]

Originally Posted by Jpurce03

2) How do dues go up when resorts are closed for months?

These are the estimated dues for next year. The resorts are not projected to be closed next year so the expenses are not affected by closures. And once occupancy levels start increasing at the DVC resorts then some of the CMs who were laid off will be recalled (or others reassigned).

If DVD under-estimated operational costs for next year they would have to pay the difference to Disney.

Any rebate due to reduced costs during the closure will be applied against the dues when they send out the actual demands in December.

[pdude81]

So I just got my dues and meeting notices in the mail and something looks odd. I thought I read that PVB was going to be 7.05 next year, but when I look in the budget for 2021 I'm seeing Member dues assessment showing as 4.4902. Has the number changed or am I just reading this wrong?

For my 3 homes these notices are showing:

PVB 4.4902
AKV 5.3238
RIV 5.5694

[Goofygrl]

Originally Posted by pdude81

So I just got my dues and meeting notices in the mail and something looks odd. I thought I read that PVB was going to be 7.05 next year, but when I look in the budget for 2021 I'm seeing Member dues assessment showing as 4.4902. Has the number changed or am I just reading this wrong?

For my 3 homes these notices are showing:

PVB 4.4902
AKV 5.3238
RIV 5.5694

Keep going. That sounds like just operating budget. Est taxes. Might also be missing the capital reserve contribution.

[LauraLea]

I just briefly looked thru those notices. I think they were only operating expenses. I saw nothing for property taxes or capital reserves.

Laura

[pdude81]

Originally Posted by Goofygrl

Keep going. That sounds like just operating budget. Est taxes. Might also be missing the capital reserve contribution.

Originally Posted by LauraLea

I just briefly looked thru those notices. I think they were only operating expenses. I saw nothing for property taxes or capital reserves.

Laura

Ok, thanks. I didn't see anything for reserves but that was the only grid with expenses. I thought I had to be missing something.

Checked again now after reading your responses and the total estimated amounts are at the very end in paragraph form.