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

Tuesday, November 9, 2010

Announcing a New Service

One of the limitations in publishing this blog has been the nature of a public blog. While most of what I publish is general in nature and specific in content to Condominium Associations in general, there has been information which I am unwilling to post on a public web site. For some time, I have had the desire to publish more specific information, which is sometimes unsuitable for the public at large. For example, what benefit is there for this association if I publish certain financial information? Almost anything can be construed in various ways. I intend to support the owners and other involved parties at BLMH. Ownership has both privileges and responsibleness.

I was requested to provide information that was more specific to BLMH. In response to that request, I began a service which provides, via email, expanded information and data that I think should only be provided to owners or other interested parties in BLMH.

I have completed a trial of this expanded service, and I am now willing to provide it to all owners of BLMH and to certain other interested parties.

This service is free, includes information that could be valuable to owners of BLMH, and because of the nature of the information, is unsuitable for general publication. This information is not necessarily detrimental to BLMH, nor is it extremely positive. It is, for lack of a better word, realistic and personal in nature. Ownership in BLMH has its privileges. We are a unique community, and I intend to keep it that way.

If you would like information that is expanded beyond that provided on this blog, and much more detailed, then this is what you should do:
  1. Send an email to this secure and private email address:    redded96499@mypacks.net
  2. In that email provide the following: 1) your name, 2) your street address, and 3) your email address. If you are not an owner of BLMH, then 4) provide a statement of why you should receive this more detailed and privileged information. 
  3. I will send you a letter via U.S. mail, using the address you provide to me, with a request and instructions that you send a specific email to me. The purpose of this is to verify that you are who you say you are. 
  4. Upon receipt of your reply with the proper message, you will be enrolled, and I will send you an email notifying you of your enrollment. You will then be given instructions on how to "unenroll" should you decide that this service is of no value to you. 
  5. Once enrolled, you will receive emails that include enhancements to that published here. Such enhancements may include supplemental documents and charts. 
  6. Sit back, read this blog and then, with the information and specific insights I send you, expand your knowledge of condominium living at BLMH, and enrich your life here. 
  7. There is no cost to this service. I provide it as a "public service" to the interested owners of BLMH and other interested, and qualified, individuals.
That's all there is to do! I am providing this as a free service. Your email address and identity will be confidential and no one will be aware of your enrollment here but me. I do not broadcast messages. Each email will be completely personal and confidential and your email address or any personal information will never be made available to others, sold or used in any commercial way. Be assured, this is entirely legal. I will not reveal confidential information about the board, the workings of the board at BLMH, or privileged information about specific owners. What you will receive are specific insights which are expanded beyond those in this blog. This will all be derived from public sources, such as our financials, and will include my personal perspective and insights.

I look forward to your enrollment and partnership at BLMH!

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