Timing of 2020 Dues Announcement

[grubens]

This is our first year as a DVC owner. When are 2020 dues rates likely to be announced?

 

[Sandisw]

They usually come out around the first week of December.

 

[CarolMN]

Just before the annual meetings..

 

[Deb & Bill]

You'll get your bill right at the end of the year. The board votes on the annual fees and then they send out the bills.

 

[Cyberc1978]

They usually come out around the first week of December.

didn’t someone leak them earlier last year in November at some point?

 

[CarolMN]

IIRC, the budgets/dues were posted to your account before the annual meetings and several sites managed to collect them all.

 

[drusba]

In late November or early December you will get the Notice of 2019 Annual Meeting that usually takes place sometime in the second or third week of December. The notice will set out the proposed budget for 2020 into sections, one for operational costs for the year, which will list the the proposed amounts of dues per item of cost (e.g., transportation, housekeeping), and one for capital reserves, amounts being accumulated annually to cover future repairs (e.g., roof replacement, refurbishments). The proposed budget will provide an amount to be charged per point for the operational budget and, separately, the capital reserves budget. It will also set out a proposal per point for "ad valorem" (property) taxes to be collected for the year. The addition of the per point dues for operations, capital reserves and taxes tells you the actual proposed dues per point.

Though those are proposals, technically subject to change when the meeting occurs, it is always just a formality at the annual meeting that the budget as proposed is adopted.

Note that the dues per point total you get from that Notice will not necessarily be the actual dues per point that you will pay in 2020. That depends on the total property taxes actually paid in 2019. Often, the amount of taxes paid to the taxing authorities during the year is somewhat different than what was collected for the year. If the taxes collected in 2019 from members were more than the actual taxes paid, your dues per point in 2020 could be a little less than the total provided by the Notice of Annual Meeting, because the excess is used as a set-off to the 2020 dues. Likewise, if the taxes actually collected in 2019 were less than amount actually paid, your actual dues will be a little more in 2020 than shown by the Notice to make up for the 2019 shortfall. What you actually have to pay comes in late December when you receive the bill for 2020 dues.

 

[larry47591]

They are on the site now.

 

[Cyberc1978]

Yes they can be found here: https://dvcnews.com/index.php/dvc-p...020-disney-vacation-club-annual-dues-revealed