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, May 5, 2009

$250 One Time Payment to SS Beneficiaries is Due

From the SS Website:

"In February, President Obama signed the American Recovery and Reinvestment Act of 2009. This act provides for the one-time payment of $250 to individuals who get Supplemental Security Income (SSI) or Social Security benefits.

Beginning in early May, and continuing throughout the month, more than 52 million beneficiaries will be issued one-time payments of $250. We expect everyone who is entitled to a payment to receive it by late May 2009. No action is required on your part. Please do not contact us about your payment unless you do not receive it by June 4, 2009.

When more information becomes available, we will promptly post it here. Please bookmark this site and check back regularly. Thank you. "

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