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, December 23, 2010

Where's My Newsletter?

On return from a business trip, I was surprised to see that I had not received an association newsletter for December. I'd provided a chart to our Communications Director (CD), in accordance with her request on November 12 for inclusion.

Several owners asked me "where's my newsletter" and so, on December 19, I sent an email to our CD and asked "Did I miss something? Did I miss the December newsletter?”

Later that day, I received an email reply which included the statement "Our next newsletter will be issued the first week of January…”

So there you have it; you can expect a newsletter early in January.

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