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, July 21, 2009

Garage Sale Issues

From time to time, the issue of garage sales come up. This is discussed at Association meetings and there are a few unit owners who would like to have such an event. Unfortunately for them, garage sales are prohibited in BLMH.

I received an email about this and responded to the writer. Here is that email and my response:

"Hi, I live in Briarcliffe but I am not an owner. I would really like to have a garage sale and so would everyone in my unit. I would think because all 4 homes want to have one that I would be allowed. Who do I ask? Thanks [name withheld]"

My response:

"Hi [name withheld]:

The issue of a garage sale is determined by the bylaws and rules & regulations. As a renter, you may not be aware that the streets, walks, lawns, etc. within Briarcliffe Lakes Manor Homes (BLMH) are owned by the association and are entirely private. Unit owners and the association are responsible for all maintenance and repairs, and any damage and insurance.

Most of the streets in our city are maintained by the city, and liability for repairs or accidents passes on to the city. That is not true in BLMH, and all costs are passed to the unit owners. Liability for all accidents or damages are also passed on to the unit owners and the association.

For that reason, there are restrictions on the use of streets, drives and all other property in BLMH. As a renter, you are also restricted. Living in a "Planned Urban Development" has some advantages for the unit owners, such as extensive landscaping and grounds with a park like atmosphere, and completely private streets. The disadvantages include the lack of "deep pockets" as the unit owners shoulder the burden of all financial responsibilities.

The subject of garage sales is discussed from time to time during association meetings, which are attended by unit owners.

I suggest you contact the management office with your request and ask for a clarification of the rules. You could also discuss this with the unit owner from whom you are renting.

Norm"

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