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, March 9, 2009

Upcoming Posts

I'll be posting the following in the coming days:

[Note: The links for Items that have been posted are included below, as an "aid to navigation":

  1. Report and comments on the Board Meeting of March 12, 2009.
  2. Information on the Nicor Gas alternatives available, and my energy uses and costs during this recent, cold, winter. This information can be used to compare to your Nicor bills for the same period, and could be the basis for making changes. Posted at: Click Here To Go To Gas Plan and Costs
  3. Details of an alternative method of arriving at assessment adjustments. This has been published and provides some interesting and useful insights.
Stay Tuned!

No comments:

Post a Comment

Please leave a comment!

Note: Only a member of this blog may post a comment.