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, March 20, 2019

March 14 2019 Published Agenda

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There are no meeting minutes published for 2019 at the official HOA website. I asked management about this was was informed that the board had not approved the minutes.

Nor has the newsletter been published since January 2019. Readers may recall that the new board decided to reduce newsletters to a quarterly "seasonal" schedule.   LOL!



Welcome to Briarcliffe Lakes Manor Homes!
BRIARCLIFFE LAKES MANOR HOMES ASSOCIATION
Wheaton, Illinois  60189




BRIARCLIFFE LAKES MANOR HOMES CONDOMINIUM ASSOCIATION BOARD MEETING AGENDA
March 14, 2019

Wheaton Community Center 1777 S. Blanchard
7:00 pm


I. Approval of the January 10, & February 14, 2019 Meeting Minutes
II. Treasurer's Report 
III. Management Report        a. Correspondence (4 items)
IV. Old Business        a. Fireplace legal lawsuit (update)        b. Thames Light (options)        c. Comcast inspection (pending)        d. Truss updates (Raths, Raths & Johnson)
V. New Business (action items)        a. 2019 tree care proposal (Sava Tree)        b. 2019 janitorial proposal        c. 2019 carpet cleaning proposal (not part of janitorial contract)
VI. Committee Reports        a. Rules & Regulations         b. Architectural & Maintenance
        
c. Newsletter        d. Landscaping (tree map, handout)        e. Welcome
VII. Homeowners' Comments
VIII. Executive Session 
IX. Adjournment