A 1.8792% fee increase

I received my invoice for January and the new board applied the approximate 1.88% fee increase. But they failed to do the arithmetic and my note to them and to management was ignored.

2018 monthly fee = $354.41
2018 monthly fee = $361.07

Actual percentage fee increase = $361.07/$354.41 = 1.018792 = 1.8792%

So what will the assessment income for the association be in 2019?

2018 Budget Assessment income = $1,349,277
2019 Budget Assessment income = $1,349,277 x 1.018792 = $1,374,632.61

Additional Assessment income = $25,355.61