In the New Year, TMVOA Faces Budget Challenges
by Martinique Davis
Jan 12, 2013 | 929 views | 0 0 comments | 3 3 recommendations | email to a friend | print
Traditional

Programs Will

Come Under

Scrutiny

MOUNTAIN VILLAGE – The Town of Mountain Village’s Owners’ Association is looking to refocus the organization and reconnect with its members in the new year, as it ushers in a new board member, a new (and former) president and assesses the budgetary challenges ahead.

At its annual meeting, held in December, the organization announced Pete Mitchell as its new residential class member. Mitchell won the seat in the fall TMVOA election, with approximately 49 percent of the vote over candidates Elizabeth Barth and Neal Elinoff. Mitchell fills former President Jonathan Greenspan’s residential seat, after Greenspan, who sat on the TMVOA board for over a decade, opted not to seek reelection.

The board also voted for Jeff Proteau, who holds a mountain special member appointments seat, to be its president.

In an interview with Proteau last week, TMVOA’s new leader (and president of the organization prior to Greenspan) said the board will seek more input from members in the new year, as it faces more potential budgetary shortfalls.

“We’re going to do a much better job of assessing all of our discretionary spending,” he said, referring to the portion of the TMVOA budget that goes to funding different events and initiatives such as the Summer Concert Series, Gay Ski Week and group sales.

“We have some history with those things, and we’re at a point where we really need to assess if they are accomplishing what they were intended to accomplish,” he added.

Much of TMVOA’s discretionary funds go to programs and events that were originally envisioned to provide a positive economic impact, and/or a clear member benefit. Yet with the organization again anticipating a decrease in revenues in 2013, Proteau says it’s time for the group to reconsider how, and where, it’s spending its money.

While TMVOA’s budget is funded partly by member assessments, much of its revenue comes from the Real-Estate Transfer Tax (RETA). TMVOA collects three percent of all eligible real estate transactions in Mountain Village, and with property value assessments down and sales lagging due to the past years’ financial downturn, the organization again expects a decrease in its overall revenue in 2013. Because RETA revenues have been slightly higher than projected in past years’ budgets, TMVOA has not needed to dip into its reserves – yet.

“We’ve become accustomed to funding certain things, feeling like that’s what our members want. But in many cases, we don’t actually know if that is what they want,” Proteau says.

The board adopted a resolution in 2012 to provide better communication with its members, a guarantee it pledges to meet in the new year as it seeks feedback from the town’s residents and property owners via surveys and other outreach programs.

TMVOA also funds the Telluride-to-Mountain Village gondola, its biggest fixed expense; it is currently considering ways to continue Mountain Village’s Dial-A-Ride free taxi service, following the decision by the Town of Mountain Village not to fund Dial-A-Ride after this ski season.

Proteau said the group also plans to recruit a new executive director in 2013. TMVOA has not had a director since former director Steve “Willie” Wilson left in 2011.

Other TMVOA board members include Vice President Christopher Cox, who holds a commercial seat. Noel Daniel, who holds a lodging seat, is its secretary/treasurer. Chuck Horning and John Horn hold the other mountain special member seats. Jon Dwight is the other residential member.

The first 2013 TMVOA board of directors’ meeting is planned for Wednesday, Jan. 16, at 4 p.m. at Mountain Village Town Hall.

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