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
Showing posts with label Age and Income Driven Spending. Show all posts
Showing posts with label Age and Income Driven Spending. Show all posts

Thursday, December 3, 2009

Age and Income Driven Spending

4 comments
I recently pointed out that there are about 112 million blogs out there in the so called "blogosphere".  Of course, many are of dubious value, but some have redeeming qualities.

The U.S. government "Bureau of Labor Statistics" which I have used in other posts, provides data on how Americans live.  But it is sometimes difficult to extract the information. In an a nation consumed with the "10 second" sound bite, some information simply cannot be disseminated in that time period. Of course, we all have 10 minutes for Tom Skilling's analysis of the weather - go figure!

Here is a site which provides a useful calculator. It provide you with the means to compare your spending with that of your peers, based upon your age. Have fun!    BLS - Age and Income Driven Spending
Posted by NormR at 7:05 PM
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