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

Wednesday, May 27, 2015

Lakecliffe Paving Update - Water Main Replacement Underway


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Replacements Underway - two locations
Water main replacement work began today, as posted and per the "official" association website.

Work is proceeding well, but there is a schedule adjustment. Valves have been installed at Dover/Plymouth and Gloucester and the water is 'on.'  There should be no further water interruptions at those two locations. Actual installation of the new water mains at Dover/Plymouth and Gloucester should be completed tomorrow (May 28).

Work at Salisbury may not begin until later in the day on May 28 and may not be completed until Friday May 29. That is a schedule change. 

Plymouth/Dover

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