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

Wednesday, February 17, 2010

Our "City Within a City"

This year, I've begun to openly use this term for our HOA, in an attempt to convey the full breadth and scope of this community. I also use the term to give the reader an understanding of the unusual nature of this 40 acre micro city with its 40 buildings, streams, rolling landscape, ponds, hundreds of trees and of course, the wildlife that accompanies, and to provide some indication of the level of complexity inherent in the HOA.

Our community is well manicured, but is not "pristine". Our trees bear and drop fruit, the ducks quack all summer long as they paddle from pond to pond via the flowing streams and there are the occasional pet and goose droppings. We have abundant wildlife which passes through each day, including the ever present squirrels, many birds including woodpeckers, owls, red tail hawks, chickadees, brown creepers, nuthatches, sparrows, blue jays, morning doves, cardinals, wrens and even the occasional titmouse. In summer there are of course, the robins, blue birds, warblers, indigo buntings, creepers and grackles. We see an occasional fox wandering the property early in the morning and now the coyotes who are attracted by the abundant food.

Our unit owners and our board sometimes forget the true nature of this community, which is considerably more elaborate than the typical HOA. We spend more on trees and landscaping in a year than many HOA's spend for their entire budget in that same year, and yet we have no reserve fund for this asset. I understand the property encompasses assets of about 100 million dollars, depending upon how you run the numbers. We also have about 336 families, who have a diverse set of opinions and positions on any issue. Considering the characteristics of the "bell shaped curve", we have unit owners who traverse the extreme positions of "I love it here and want my ashes spread" on their passing, and we also have a few who "can't wait to get out."

We own our streets, we pay for everything and that includes even the street lighting, and our board is responsible for all of the decisions required to maintain this elaborate enterprise.  Those decisions are aired and voted during a monthly 2 hour meeting in view of a handful of unit owners who choose to attend. A few here think it's easy. Just snap your fingers, call management, etc. and it all gets done. We have a large pot of cash and so we are "sitting flush". All it takes to run this place is a couple of hours a month sitting on the board, a little common sense, and the ability to sign a check book. We can hire and use any management company, and even my "brother in law" could do a better job plowing the streets with his '90 Silverado pickup. Rules are meant to oppress or confine. Etc, etc.

Overall, things have been sufficiently smooth that half of our owners don't even bother to vote. So, obviously, things have been darn good here. Fees, which seem to be a problem for a few, again are sufficiently reasonable that half of the unit owners neither complain nor vote. They simply mail in their monthly check and go about enjoying the ambiance.

A few "activists", for lack of a better term, are dissatisfied. Some promote divisiveness, spread rumors and promote the position that we don't need the help of our professionals. Anyone can do it, so "we can do it ourselves and we can do it better." In fact, a few handymen could do it all. The position of the prudent, that we must be cautious, pinch our pennies, consider long term financial issues and planning, and avoid situations which could lead to legal entanglements, etc. are frequently viewed as those of the delusional. Facts seem to be a problem for a few unit owners, such as the quote attributed to attorney Mark Pearlstein, a noted association attorney and author of the "Condo Adviser" in the Chicago Tribune, who stated that "60% of all condo boards and homeowners associations in Illinois are involved in some kind of legal suit." Such statements are countered with the argument that "it would never happen here."

Well, some of us are ever watchful in this city!

9 comments:

  1. Haha...you used the word 'titmouse'

    ReplyDelete
  2. For those who can't separate cows from birdsFebruary 17, 2010 at 11:52 AM

    The Tufted Titmouse, "Baeolophus bicolor", is a small songbird, a member of the tit and chickadee family (Paridae).

    Here is a picture, rated "G"

    http://www.greglasley.net/tutitmouse.html

    ReplyDelete
  3. This comment has been removed by a blog administrator.

    ReplyDelete
  4. Wow norm...you acually removed a comment! In a post about wildlife of all places....

    What gives?

    ReplyDelete
  5. Pornographic materials will not be permitted on this site.

    This and any similar comments will always be removed from view, but will be retained, with the IP address of the poster.

    ReplyDelete
  6. A note on rules for posting comments.

    I appreciate comments which pertain directly to the content of this site.

    I've been as open as is practical about allowing certain comments, but there are limits. If they are exceeded, the comment will be deleted.

    I suggest that the reader consider this site as adhering to some sort of "PG" standard. "PG" is a trademark used for a movie rating indicating that admission will be granted to persons of all ages but that parental guidance is advised in the case of children. So this site may contain "thematic elements" from time to time that a parent would not expect to find in a "G" movie.

    So, certain material will not be allowed. That includes, for example, material which is generally defined as pornographic. The posting of general or specific information, even with the intent of informing me, will be deleted if it could be used by others to avoid detection, skirt the law, or attempt to get around the rules for this site.

    The WWW is open to all content, but this site is not.

    If you want to provide me with specific advice, I suggest you email me.

    ReplyDelete
  7. Who's going to help Norman with the censorship and anonymity. If he has access to IP addresses, there goes your anonymous postings. Gee I feel like I'm in China. Norman, this is a free hosting service, unless you pay for it, than I guess you can censor what you want.

    ReplyDelete
  8. Anon. 2:25pm. Users should understand a couple of things about the internet, and keep this in mind when posting comments and browsing:

    1) The internet is never "free"; there are always ads, or other means to get information on the habits of users. Perhaps you have seen the recent controversy about Facebook?

    2) "Anonymous" postings may shield your identity from immediate view. However, your ISP knows who you are and has a lot of information about your habits on the web and that includes where you go and what you view. You can feel secure that you can post and your immediate neighbors may not know who you are. But you are not invisible.

    3) Always remember that when you are browsing there are websites can and do collect or share information about you, your ISP can track the pages you visit, it is possible you you may inadvertently download malicious software that tracks your keystrokes, and surveillance of you activities by governments, government or police agencies is possible, if there is cause.

    4) So don't do anything really stupid. Don't flame people, and never say anything you aren't willing to say in public. In other words, don't use the fact that you are on the internet as a shield. You are vulnerable.

    ReplyDelete
  9. Ooh, do I suspect an intelligent user.

    ReplyDelete

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