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, June 5, 2009

The Board of Managers - Part 4 - Job Descriptions

It is that time of the year and the Association is looking for volunteers for the board and committees; a form was included in the June “Manor Briefs” newsletter. Deadline for submitting a completed Candidate Form is August 28, 2009. The newsletter neglected to include a description of the various positions and the duties and responsibilities of each. I have obtained a “BLMH – WANT TO VOLUNTEER” bulletin which describes the positions of our Board of Managers.

The descriptions omit the Communications Director, which is a newly formed position; however, based on my observations during board meetings, the person occupying that position seems to include some of the duties of the Newsletter Director, newsletter coordinator, website or blog coordinator, social director and the alderman or special representative for the members of the ROC. Note: this blog and the writer is not a member of that committee.

The “BLMH – WANT TO VOLUNTEER” bulletin has a cutout coupon:
=============================================
If you made your decision place a checkmark on the committee best suited for you, here are the benefits, rated 0 – 10, that you will receive:


  • Money = 0
  • Special favors = 0
  • Decreased assessment = 0
  • Appreciation = 10
  • Sense of sharing = 10
  • Something to do = 10
  • Fun = 9
  • Sometimes not fun = 1
Briarcliffe lakes Manor Homes Association is an equal opportunity group of great volunteers. Join us for a meeting and bring this coupon with you for a free round of applause.
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Here is the official, published list of positions.

PRESIDENT
Shall Preside over both its meetings and those of the voting members and shall be the chief executive officer of the Board and shall be responsible for mailing and receiving al notices and executes all amendments to the Declaration, by-laws and other documents of the Association. The president is authorized to co-sign operating checks and will approve transfer of all funds. The president may volunteer his/her services to serve on an established committee.

VICE-PRESIDENT
Shall assume the responsibilities of the president during his/her absence The vice president is authorized to co-sign operating checks The vice-president may volunteer his/her services to serve on an established committee.

SECRETARY
Shall report and keep minutes of all meetings of the Board and of the voting members and, in general, shall perform all of the duties incident to the office of secretary. The secretary may volunteer his/her services to serve on an established committee.

TREASURER
Shall monitor the financial records, books of accounts, transfer funds as needed and co-sign all operating checks. The treasurer is required to approve all transfer of funds. The treasurer may volunteer his/her services to serve on an established committee.

ARCHITECTURAL COMMITTEE
The director of the committee shall oversee all projects involving any repair, replacement or maintenance to the architectural and/or structural (interior/exterior) of the 44 buildings on the property. The director must work closely with management and contractors and will supervise, advise and direct the actions to be taken regarding all projects. Frequent property inspections are required. All bids/proposals involving architectural projects will be submitted directly to the director and he/she will make recommendations to the Board.

LANDSCAPING COMMITTEE
The director of the committee shall oversee all landscaping projects involving general maintenance, improvements and special projects. The director, management and the contractor will walk-through the property in early spring and late fall. Continuous communications during the season will be maintained. Frequent property inspections are required.

RULES & REGULATIONS
The director of committee shall oversee the implementation of the rules and regulations as set forth. The director shall direct management upon request regarding any questionable actions to be taken or notices to be sent. Frequent property inspections in early spring in preparation for any amendments to be discussed at the annual meeting.

NEWSLETTER
The director of the committee will be responsible for picking up the completed newsletter from the newsletter coordinator, having the paper printed and distributing to all unit owners both on-site and off-site plus contractors. The newsletter will be disbursed every other month and all articles submitted to the coordinator by the first of the month. Any newsletter inquiries will be directed to the director.

WELCOME PACKETS
The director shall distribute welcome packets to new residents listed on the monthly management report. The director shall determine the information to be included in the packet and shall submit this information to management to be printed.

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