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

Saturday, October 3, 2009

Etiquette for Comments

On reviewing the comments, I have a few observations and requests. Here are a few rules about blog etiquette:

  1. It is okay to disagree with me, other bloggers or the comments of others. It is not okay to use vulgarity, swears, acronyms for vulgarity, or say or imply or take a position that could be particularly offensive. For example, that others are on drugs or alcoholics, etc.
  2. Unless you have permission, it is not okay to post someone else’s words in your comments. You may quote with attribution, but don’t reprint someone else’s post. The copyrights of others will be protected on this blog.
  3. If you can’t offer a decent comment or rebuttal to a comment, then keep your thoughts to yourself.
  4. Don’t spam.
I appreciate that you have taken the time to participate in a dialogue or read this blog. However, as the owner, I have the right to remove comments that are vulgar, particularly offensive, or violate copyrights. Effective immediately, I will use that right. So if you want your comments to remain on this blog, I suggest that you think twice about the comments you are posting before you hit the "Publish Your Comment" button.

Thank You!
Posted by NormR at 2:23 PM
Labels:

3 comments:

  1. Still A Concerned NeighborOctober 5, 2009 at 11:14 AM

    Hey Norm, now that the smoke has cleared from the 54 comments on your previous posting, I'd like a follow-up on the attack on your car. Have you heard anything from the association from an investigation standpoint? We (the community) need to be sure this doesn't get lost in the shuffle.

    ReplyDelete
  2. AnonymousOctober 5, 2009 at 12:08 PM

    This must not be taken lightly and should not be dismissed. Likewise, I understand one of the residents left her door unlocked and someone came right into her unit and stole items. As a side note, these incidents should be reported in the newsletter so that all residents are made aware and hopefully will be diligent about being aware of their surroundings.

    ReplyDelete
  3. NormROctober 5, 2009 at 12:25 PM

    I wrote a letter to our professional manager, FUPM and today I received a telephone call from them. I have been advised that certain things I want to do, including modification of the garage door, which I "own" will require board approval. I'll be writing another letter, shortly.

    ReplyDelete

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