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

Monday, September 14, 2009

ComEd on Site for Two Weeks



Our Electrical Utility company, ComEd will be on site for approximately two weeks. They will be replacing nearly 12,000 feet (that's nearly 2-1/4 miles) of underground power distribution cables. Some of these are very large cables (size = 3/0 AWG). This size is prononounced "three ought" and this refers to the size of the conductors, in American Wire Guage. The size determines the current carrying capacity.

This is probably more than you wanted to know!

You will see signs, pickup trucks towing flatbeds with large cable reels, IBEW electricians and a Vermeer boring machine such as the one in the picture below, for about two weeks.

Enjoy the noise, with the realization that this is a positive indication of "Change". This particular "change" has a specific and defined purpose, and a declared outcome. It will improve the power distribution to our Association, and should reduce the power disruptions that we have been experiencing.

Thank You, ComEd!

Posted by NormR at 4:24 PM
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1 comment:

  1. AnonymousSeptember 15, 2009 at 9:04 AM

    My power on Dover Ct. flashed out at around 1 am last night (judging by the time on my blinking alarm clock). Did this happen to anyone else?

    ReplyDelete

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