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, October 28, 2009

Call for Guest Authors

A reader or readers (Anonymous on October 26, 8:03 and 8:05PM) made a suggestion for guest authors. (Reference 1).

That's an excellent idea, and if anyone is interested, send me an email with your name and phone number, and a brief summary of your proposed post, or posts. After discussion, your posting will be under an "alter ego" of your choice. Send the email to me by clicking on the link below:

Send an email to Norm

Now before I get comments about possible censorship, etc. I want to clarify something. This is not an association blog; that is, it is not owned by the association. Unlike our newsletter, and other "official" association communications, which are the collective statement of our board,  this blog has been a personal endeavor. Therefore I have no responsibility or "fiduciary duty" to represent the unit owners in this blog. The fact that I do is a matter of choice, and of commitment.

It didn't have to be that way. Earlier this year, I offered in writing, to transfer this blog to the association. That offer was declined. Nor was there a counter offer from any member of the board, such as "we would prefer that you work on our website". So as someone has said "it is what it is".

This reminds me of a course on "Accomplishment" that I took some years ago. The question was asked "What are you committed to, Results or Reasons?" In that spirit, I am willing to open this blog up. However, I do have an objective for this blog and it is stated in the column to the right, entitled "WHAT THIS IS ABOUT AND HOW TO NAVIGATe."

Consider your purpose and if you want to participate and are interested in making a contribution to your fellow unit owners and to this association, then send me an email. However, unit ownership is NOT a requirement. 

Thank You!

Reference 1:  Comments to Post of October 26

6 comments:

  1. Wow. Very nice. I certainly wasn't kidding when I said 2.5 cents should be a guest author, but it was really nice to see that you took my suggestion to heart. Whadaya say 2.5? I look forward to your comments each time I open this blog. I'd love to hear more of what's on your mind.

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  2. Ditto. 2.5 cents - are you there? I for one would like to read your comments as well.

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  3. Because Norm is a loser :(

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  4. To the ANON 9:40 p.m. - SHAME ON YOU. How sophomoric. I think I have figured out who you are (your continuing comments of the nature that they are are so transparent) - so it makes your comments even worse. (Hint: Read between the lines.)

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  5. Anon 2:21...who do you think it could possibly be?

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  6. I have read all the blogs and comments, and based on that (thus, the "read between the lines" comment)I have an idea of who it is. Of course, this is not a certainty, just my own theory. I certainly would not stoop to that individual's level and reveal who I think it is. Speculation should remain just that, speculation.

    ReplyDelete

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