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, June 14, 2009

Roofing Damage


The above photo was sent to our Architectural Director, with the address of the building. He tells me we have had some roofing damage this winter, or due to recent high winds. I don't believe the Association was aware of this particular section of roof, and the photo I took seems to indicate a loss of shingles in a large area.

If you are aware of any damage to you or your neighbors roof, I suggest you take a photo and alert our professional managers or the Architectural Director. They may be already aware of the problem you notice, but then again, they may not. And better safe than sorry!

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