Updated Surplus Numbers

Updated Surplus Numbers
Updated Surplus Numbers: Actual surplus 2018 per audit was $85,163.
Boards 2011-2018 implemented policies and procedures with specific goals:
stabilize owner fees, achieve maintenance objectives and achieve annual budget surpluses.
Any surplus was retained by the association.
The board elected in fall 2018 decided to increase owner fees, even in view of a large potential surplus

Average fees prior to 2019

Average fees prior to 2019
Average fees per owner prior to 2019:
RED indicates the consequences had boards continued the fee policies prior to 2010,
BLUE indicates actual fees. These moderated when better policies and financial controls were put in place by boards

Better budgeting could have resulted in lower fees

Better budgeting could have resulted in lower fees
Better budgeting could have resulted in lower fees:
RED line = actual fees enacted by boards,
BLUE line = alternate, fees, ultimately lower with same association income lower had
boards used better financial controls and focused on long term fee stability

Tuesday, September 16, 2008

More Water Problems!

We have also had water in the garage. We share this with other unit owners and we each have a seperate overhead door. Last fall, I noticed that the asphalt had disintegrated at the base of the downspout. I took a couple of photos, including this one, and forwarded them with a letter to the management office. They responded with a "cold patch" of concrete.

That had a side effect. If the driveway is not kept clear, and for example, ice and/or slush collects at the downspout, it can prevent water from flowing downhill and we can have water in the garage. I have reported this to the management office. The same situation occurs if we get very heavy rain and wind from the proper direction. Water is then blown against the overhead door and flows under it. Sort of a miniature "storm surge".

Here are a couple of photos of this event. The water normally stands within about 4 inches of the garage floor. If the wind is from the proper direction, then the water is pushed against the doors and into the garage:






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