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, August 15, 2010

Old Drainage Problem - No Solution from the Board

The attached is a video of a drainage problem which has existed for several years. This was discussed during board meetings by our former Architectural Director commencing in 2008 and 2009. After the 2008 election there was disagreement among the old and new board members. One trouble spot was corrected. The one depicted in the video was dropped in favor of more pressing "social" issues by the newly elected board members.

How would you like to have a mosquito glade just outside your patio? I sympathize with the unit owner at this location.

The following is the second of two videos posted on August 15th, 2010 pertaining to this subject. This video does include an audio commentary.



I have sent an email to the board with a link to this video. I have also sent a copy to management.

Here is the content of the email:

Hi [Madame President],

Here is the second of two videos of standing water and runoff problems. This one is the sidewalk behind [nnnn]Harrow Court. This is an old problem which was brushed aside by the board in 2009 because of more pressing social issues. [Bob], the former Architectural Director, brought this to the attention of the board during at least one association meeting I attended. He requested that the board look at this location and the issues of drainage and mud aggravated by lack of sun in this particular location.

Perhaps the board will find it in their hearts to consider moving this ahead of other items.

Please forward this to other board members, for their information and action.

I will also send a copy of this email to management.

Comments, Corrections, Omissions, References
================================

1. The specific address was removed from this post. 
2. I used the "find it in their hearts" appeal because any other approach, such as "this is part of your fiduciary duties", or "this is part of running a business" doesn't seem to have much influence on most of the board. 

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