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

Monday, September 15, 2008

ROC Email Response

I did receive a response from an ROC member today. This was the content of the email:

Hello,

We were delighted to receive your thoughtful questions and concerns. Your letter, along with the many others that we've received, is proof of what we have believed for a long time--[BLMH]is brimming with residents who have strong and defined opinions, and given the opportunity, are willing to share them with the community at large. It's our hope that this election will create new and varied channels of communication through which anyone who wants to say something or see something changed feels comfortable bringing his or her proposal forward.

Interestingly, you are only the second person to ask about the rising assessements! We've been surprised that that topic is not first on everyone's mind, but it seems that the other issues surrounding the board have taken precedence.

Please be assured that our candidacy is not about raising or lowering assessments. Until we become part of the process that determines how assessments are levied we cannot know if they will rise, remain the same, or be lower. We will certainly scrutinize every dollar amount in every account number and see if there might be ways to economize without losing any services. And, we are in contact with the association boards of other complexes and will brainstorm with them on ways to maintain services without overburdening residents with ever-increasing assessments.

I've lived here for 22 years and I enjoy the beauty of BLMH every time I drive down its streets. And, _______ and ______ feel the same--it's one of the primary reasons they bought homes here. But, we should respect the residents of BLMH as much as we do its lovely grounds. And that is what our campaign is about--respect, courtesy, and allowing residents to voice their concerns and participate in their governance.

Our responses to your questions are noted on the attached pdf. An FAQ sheet and a survey are also attached. We hope that they provide you with some definite answers, but do call or write if you would like to know more.

Best regards,

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