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

Friday, November 12, 2021

Garage floor and Driveway Surveys

 

Driveway and Garage Survey Spreadsheet

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A number of surveys of the property were made each year. The above is a summary of two surveys conducted in 2017. There were other surveys, including entries, streams, decks, gazebo, streets, brick sills, etc.

The garage and driveway survey of 2017 was conducted  by our manager, our Maintenance Director who is a member of the Board, and by myself.   I took notes during the survey and consolidated these into a spreadsheet. 

For the annual meeting held in 2018 I provided the following to owners, on a large screen, using my projector and laptop. That was my final meeting as a board member:








(c) N. Retzke 2021









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