Hopefully, the weather will permit the seven driveways also approved for replacement this year and there will be no further delays to that project in 2009.
Above: Intermittently, for a time, boards informed owners of association finances
Newsletter 2008 excerpt is an example of earlier board willingness to communicate with owners.
The boards of 2019-2021 prefer not to do so.
https://tinyurl.com/BLMH2021
Life and observations in a HOA in the Briarcliffe Subdivision of Wheaton Illinois
Best if viewed on a PC
"Briarcliffe Lakes Manor Homes" and "Briarcliffe Lakes Homeowners Association"
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 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:
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, October 19, 2009
Roofing Project at 1730-1732H is Underway
The roofing project approved at the most recent "open" board meeting began this morning. Seems somebody is on the job!
Hopefully, the weather will permit the seven driveways also approved for replacement this year and there will be no further delays to that project in 2009.
Hopefully, the weather will permit the seven driveways also approved for replacement this year and there will be no further delays to that project in 2009.
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Any word on the situation with the driveways? Are the asphalt plants still open?
ReplyDeleteAccording to a local asphalt operator, they have not yet been given a "closing date" for 2009. It all depends upon the weather, but it is possible that plants in the Chicago area will remain open, weather permitting, until Thanksgiving.
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