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, February 19, 2015

Brrr!

0 comments


Bookmark and Share




This is a really cold week, but then again I just read an article entitled "Second Warmest Weather in January Globally." So, it was really hot in some parts of Australia?  I'm sure Tom Skilling will use (abuse) 15 minutes tonight to explain the obvious. I won't be listening. There is something inherently an issue for me to watch a TV channel with commercials and for which I also pay a fee to Comcast for the privilege.

The good news is, the days are getting longer and this weather will recede. Last year, we were dealing with -14F, in case anyone has forgotten, and about 50 inches of accumulated snow.

If you want warmer weather, move to Tucson. Of course, they tell me that city has five seasons, including "fire" and "monsoon."

The above is a photo taken of my smartphone about 4 hours after I left for work. I can tell you, it was darned cold at 6:30am, and as I travelled westward the thermometer dropped and then dropped again.

This is all normal for this part of the country. But some of the local residents prefer to pretend this may not be so and so we have a few automobiles locked in the ice. Apparently some residents ignore the recommendations this HOA makes. Specifically, move one's automobile to one's driveway so the streets can be plowed during serious winter storms. Then move it back to the plowed street and our service will clean the driveways. Some residents do this, and some don't. Too much of a bother to get out there early in the morning, I guess!

Saturday, February 7, 2015

Missing All the Fun

0 comments

Bookmark and Share


Hmmm, I went away for a couple of weeks and what happens?

1. The Board of Trustees of COD decided to give President Breuder a going away party and a $762,000 present for building a fine dining establishment, a wonderful and fully stocked wine cellar, an expensive  hotel, and for paving over much of the campus.

2. Wheaton gets clobbered with a little over 20 inches of snow in a 24 hour period.

I'm Not Complaining and Neither is Robert Breuder
Well, I suppose I could, but why bother? It would be like talking about the weather, which we all know in this part of the country is cold and can dump a lot of snow. We do realize this, don't we?

Now, I do regret missing the fun over at my neighbor, that dysfunctional behemoth called "The [Community] College of DuPage." I'll be posting some additional comments about that in a few days. However, I do find it odd that a public institution releases their presidents early  (not once, but twice in succession) and blesses them with full salary for doing absolutely nothing and for the singular purpose of getting rid of them. If Breuder was such a wonderful president, why let him go? Let's keep him for another three years and get the "wonderful" results we are paying this guy for. However, this is Illinois which should be renamed "Land of Madigan" and in this state politicians and apparently our community college board feel that any money raised via taxes and bonds (borrowing, to be repaid via taxes) is theirs to flush in whatever manner they feel appropriate. According to a Chicago Tribune article, Breuder is very good at shaking the fruit from the trees and for his own personal benefit. "It wasn't the first time Breuder, 70, had negotiated a big parting check. In the past six years, two publicly funded colleges have given him retirement packages totaling $1.27 million."

Wow! Isn't it wonderful what public school trustees can do with our money?

As for the weather, well, "it is what it is." Now, I do undersand there were some complaints by residents. I also am aware of some automobiles which were stuck in the snow. One was driven by a visitor who simply couldn't keep away. It seems some think all of those Weather Service advisories, warnings and so on are simply to be ignored. Then when they get stuck it becomes "How could this happen?"

It reminds me of a situation I encountered in Pennsylvania a few winters ago. I was near Reading, PA doing what I normally do the keep clients in business and we were hit by a nasty winter storm. We worked late that day, as usual and carefully drove our vehicles back to the motel. En route we had a simple meal at a diner. The next morning it was icy but with caution driving was doable and as we had a schedule to keep we all made it to the site as required. On arrival and after the morning kick-off meeting one of the senior engineers remarked on the sole vehicle we each saw in the ditch as we drove down the highway. It was an Audi Quattro, which is an expensive all wheel drive vehicle. Audi America describes it this way "For 35 years, our legendary quattro® all-wheel drive has pushed vehicle performance — and the thrill of the ride." Well, I guess the driver of that Quattro in the ditch got quite a thrill that night!

I'm not dissing Audi's, A few years ago I flew into Tulsa in the aftermath of an ice storm. There were Chevy Suburbans and even a Hummer H2 in the ditch. What we tend to forget is friction. Driving on ice is dangerous for all rubber-tired vehicles. I drive an AWD Subaru WRX which is a wonderful road car. But "black ice" is ice and it is friction that allows the vehicle to adhere to the roadway. Ice negates friction. With no friction it is impossible to steer.

Not everyone understands this, some refuse to believe it. Over at COD with Ms. Erin Birt at the helm as Board Chairman, we can expect more shenanigans. Birt's term expires in 2017. This means she can do more damage by hiring yet another college president and flushing yet more taxpayer money. By my recollection about $870,000 in unwarranted compensation has been paid to the two most recent COD presidents. But this is DuPage County and the college has unlimited taxing ability. Ms. Birt apparently loves the feeling of power that comes with flushing taxpayer and student dollars.

Tuesday, February 3, 2015

DuPage County Advanced Severe Weather Seminar - March 14, 2015

0 comments

Bookmark and Share



As announced by the DuPage County and using the information available at the DuPage County Website as of January 30, 2015. This is an event for which attendees must pay a $40 fee. For current information, go to the following link: 

Clicking will open a  New Window> http://www.dupageco.org/weatherseminar/

Weather Seminar - Saturday, March 14, 2015

Follow @ProtectDuPage and Tweet using #DuPageWxSeminar    

The 24th Annual DuPage County Advanced Severe Weather Seminar will take place on Saturday, March 14, 2015, at Wheaton College (please note that the Wheaton College campus, including all parking and outdoor areas, are non-smoking areas)
The Advanced Severe Weather Seminar is geared toward those individuals who will be on the front line of the weather warning system, including spotters, amateur radio operators, emergency management personnel, police, fire, educators, public works and utility workers. This severe weather seminar is designed to provide continuing education to trained spotters who wish to broaden their understanding of advanced weather phenomena.
Some of the speakers include:
  • Tammie Souza (Fox 32 News Chicago)
  • Paul Sirvatka (College of DuPage - Nexlab)
  • Victor Gensini (College of DuPage - Nexlab)
  • Skip Talbot (Storm Chaser)
  • Karen Kosiba (Center for Severe Weather Research)  
  • Ben Deubelbeiss (National Weather Service - Chicago)  
Although the agenda and topics are still being finalized, please note the doors will open at 7:00 a.m. The presentations will begin promptly at 8:30 a.m., however, attendees are encouraged to arrive by 8 a.m. to provide enough time for checking in, finding a seat and to enjoy a continental breakfast. 
The most efficient way to register for the seminar is to register with a credit card, via our online registration widget below. If paying by check, however, please print out our downloadable registration form and mail it to us with your check. All participants will need to register in advance (no “walk-in” registrations will be permitted), so that we can ensure adequate food and seating arrangements for the attendees. Once registered, each attendee will receive an order confirmation email. Please print the order confirmation email and bring it to the event.  
Early Bird Registration SpecialIf your paid registration is received by February 1st, your name will be entered into a drawing. Three early registrants will be refunded the entire cost of a single registration.