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, July 12, 2012

College of DuPage as Viewed from BLMH - Part II

Here's a brief video of the status and view of COD Pond 9 from some of our patios. This video was taken on July 11, 2012, about one year after construction began.

This and related videos and photographs are being taken to document what has been occurring on our eastern boundary with the College of DuPage in Glen Ellyn, IL.

Our association is in Wheaton, IL and on the western border of Glen Ellyn and the campus. One of the issues our association has had is this surprise construction by what I will graciously describe as a disinterested College. As we are in Wheaton, IL, I concluded that we were in some sort of "no man's land" in the issues between the college and the Village of Glen Ellyn.

However, as a result of the DuPage County Zoning Board of Appeals hearings we've entered into a recent dialog with the college about this. Going directly to the Trustees of the college as well as various County and community officials may have helped. A college representative and the college president have stated that what you see in this video is temporary and construction will be completed in 2012. The result will be landscaped and bermed and somewhat shielded from the view of our residents. I am referring to a May 21 letter from a representative of the college and also a conversation with Dr. Breuder, the college president, on June 19 at the County of DuPage Development meeting. We certainly hope this will occur. A meeting with "neighbors" was promised for this fall by Dr. Breuder and some of our owners will certainly want to attend.






Note:
  1. I apologize for the shaky camera work. The Steadycam wasn't available on the day I took this. 



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