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

Thursday, October 14, 2010

A fire at 1731!

Updated October 18, by request.

It's my understanding this event is being called an "alleged fire." I'm unclear precisely why, but possibly because the fire department has not issued a formal statement. Perhaps it's simply because it will not warrant an official investigation. That's fine with me; I'd prefer a minor, non-event. There was smoke and charred wood, and the use of fire extinguishers would imply it was a "fire." The fire department has not issued a press release on the event..

Here's a photo after temporary exterior repairs. I have several interior photos of the immediate area of the "alleged fire" taken shortly after the departure of the fire department. These do indicate the extent of the damage, which was minor. I'm holding them for insurance and other purposes, should they be needed.



Original Post. October 14, 2010
A fire occurred this afternoon at the 1731 building. Damage was apparently contained to the water meter room in the garage. Thanks to the residents for their alertness and prompt call to the Wheaton Fire Department, who responded very quickly.

Here is a photo of the exterior of the building. This damage was the result of action of the responders who, I am told, opened the wall to assure there was no fire within.

I may post another photo or two, tomorrow.

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