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, December 19, 2010

Winter is On The Way


Well, the official start of winter, the winter solstice, is only a few days away. We've experienced some bitter cold, but also some more normal cold in the mid-20s and 30s. With that comes the snow. Just the thing for pleasant walks with a little friend. The following photo was taken by my spouse, a couple of weeks ago.


With the mild weather through Thanksgiving, most of the neighbors had a wonderful opportunity to get the decorations up, and most of us have our interior decorations completed, as well.



However, it's not all fun and some of the preparations are serious. The tell-tales have been added to the fire hydrants, so they can be readily found even with a lot of snow, and the plows were pre-positioned several weeks ago, before the first snow.






Comments, Corrections, Omissions, References

Note 1. There are things you can do as an owner or as a resident to prepare for winter, and things to do to avoid freezing the pipes in your unit. Refer to the official BLMH "Welcome Packet" for specific winter tips.


Note 2. Thanks to my spouse for permission to use the photo taken on December 3rd. 

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