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

Sunday, May 17, 2009

Resignation of the President of the Board of Managers

Shortly after the April meeting, the President of our Board of Managers resigned. This was formally announced at the May meeting.

The work load of our recent president was cited as the reason. However, I can't but wonder if the outburst orchestrated during the April meeting by our Communications Director influenced this decision. It has never been announced who on the board called the towing company to enforce the rules. One of the board members made that call. It could very well be that it was the President of the Board of Managers.

During the recent election, the president was one of three people who ran on a slate which promoted their "backgrounds in project management, conflict resolution, team building, and interpersonal communications.” Based on my observations at the board meetings, our president had some skills in that area. However, based on my observations at the board meetings, I cannot make that statement for all of the new members of the board of managers. In fact, I would state that one member has definitely shown little or no capacity for conflict resolution. Campaign materials are easy to write and to print. Walking the talk is another matter, altogether!

Our President will be missed, as a voice of moderation among the new board members. Thank you for being willing to be of service to our association.

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