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 23, 2010

Please remove my email from your blog.

On reviewing emails, I discovered one from our board President, dated August 10, requesting that I do the following:

"I am not willing for you to post a copy of my email message on your blog. Please remove it......"

I'll review this and I'll consider it. However, I think that it is important that unit owners be aware of what is occurring here at BLMH. The board publishes our financial records on the web. The board makes requests for items to include in the newsletter and then does not respond. In other words, the board decides what is fit to print and what is not. I appreciate their desire to control all information here at Briarcliffe Lakes Manor Homes. However, is that appropriate, and does it serve the unit owners?

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