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, February 6, 2011

Wheaton's State of the City 2011


PRESS RELEASE


Friday, January 21, 2011

Watch Mayor’s State of the City Presentation Online

Mayor-GreskWHEATON, Ill. – With topics ranging from Wheaton’s financial state, flooding and coyotes to the status of the long-anticipated Manchester/Wesley Street bridge reconstruction project, Wheaton Mayor Michael Gresk covered a lot of ground when discussing the state of the city yesterday at Arrowhead Golf Club.

A video of the presentation, which was given during a Wheaton Chamber of Commerce luncheon, is now available for you to view on the City’s website. [A link is included at the end of this post]. Watch the video to learn about the challenges Wheaton faces and how the City is addressing them, and find out about some upcoming opportunities in the City’s future.

The video is available to watch any time on the City’s website and also will be shown on City of Wheaton Channel 10 for Wheaton cable subscribers.

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Link to the video presentation:

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