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

Monday, August 30, 2010

Agenda for the September Association Meeting?

According to the official published documents, there is no September association meeting. Is that true?

If you read the fine print provided by the association, there is an association meeting the second Thursday of each month, with the exception of December.

However, the next association meeting was not mentioned in the most recent Manor Briefs. Nor is it contained on the “events” page on the website, which lists the next meeting as occurring in April 2010! The list of scheduled meetings in the web published “Welcome Packet” doesn’t mention it either. However, in that packet, meetings are described as occurring each month except December.

On August 27 I sent an email to our board president and to the communications director about this "oversight" and mis-communications.

I received this emailed response from the board president: "we are meeting in Sept”.  No indication of the exact date.

How convenient! As there are a lot of hot issues that remain unresolved, more than I am possibly aware, I expect that our board will attempt to run these through and pass them before the election. What am I talking about? For example, rule changes that have been under review by some of the board and also by a special but very small group, or minority of unit owners called a "focus group". However, at the August association meeting, the R&R director made a very brief statement which was comprised of "there is nothing new to report" and "I don't have a computer." No mention of rules changes, etc.

The non-published September meeting is this board's final opportunity to pass rule changes before they possibly lose the current voting majority. I fully expect they will try.After months of discussion behind closed doors, it would be appropriate if the board published the rules changes they are contemplating so unit owners who are interested can think this over and enter their comments. However, this board doesn't think that way. We, the majority, are actually treated as a minority. I think I'll attend the Neighbors Club meeting tonight and see what the "majority" of the few is actually up to.

Renters to attend meetings, garage sales, what other rule changes will be passed?

Of course, I'm one of the "minority" here, as they like to spin. Perhaps I am, but the board is supposed to represent all of the unit owners here, first and foremost. The question I asked earlier this year and for which I never got an answer was this. Is the board promoting renters over owners? If so, why? Is this consistent with their fiduciary duties? Those fiduciary duties apply to unit owners. The recent decision not to promote unit owner sales via some sort of sales brochure is such an example. So is the board majority actively promoting rentals here? And if so, why? Another topic and which I and other unit owners in the "minority" have approached the board is to begin a serious dialogue on rental here at BLMH, and rental caps. I brought this again to the attention of our board while our attorney was present and earlier, to our president after the most recent election. This is a serious and delicate issue. Delicate because allowing current owners to rent and then preventing others from renting - how is that "fair" as our board likes to say. Of course, "fairness" at BLMH is a subjective term.

Note: The second Thursday of September is the 9th. I have already scheduled a business trip.  Hmm, can I change that?



Comments, Corrections, Omissions, References
1. The board will post the notice of the meeting on the hallway bulletin boards as they are required to, by law. This is necessary to assure that any votes they make cannot be contested.

No comments:

Post a Comment

Please leave a comment!

Note: Only a member of this blog may post a comment.