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

Thursday, April 9, 2009

Upcoming Posts

To post a comment or read the comments of others to this post, click here

Here is a list of some of the upcoming posts. If there is a topic you are interested in, send me a comment, or an email!

  1. Opinions, Assertions, Comments and the Agenda.
  2. Specifications. The how and the why of specifications, and how they influence and affect potential bidders, active bidders and the unit owner. (Part 1 on April 9, 2009).
  3. What does it mean to be a "unit owner"?
  4. Notes for the Board Meeting of April 9, 2009.
  5. More on critters at BLMH, including critters that eat critters!
  6. Report Card - Six Months under the ROC agenda.
Posted by NormR at 9:37 AM
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1 comment:

  1. AnonymousJuly 24, 2009 at 11:17 PM

    Norm, you are a very observant BLMH owner, with interesting views and many comments about how the board operates. If you have all this free time to attend all meetings and write about them in your blog, why don't you become proactive and run for a position on the board. Let's see how well you can do.

    ReplyDelete

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