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

Sunday, November 1, 2009

It's time to change our clocks and smoke and fire alarm batteries

2:00am this morning was the change from Daylight Savings time.

Less heralded, but also significant, this is also the day the the city recommends that we change the batteries in our fire alarms and Carbon Monoxide "CO"detectors. Since 2007, the state of Illinois has mandated that each home and unit in which combustion occurs using natural gas appliances, etc. must have at least one CO detector installed within 15 feet of the rooms in which the occupants sleep.

References:
Change Your Smoke Alarm Batteries

Illinois Law Requires Carbon Monoxide Detectors

10 comments:

  1. Thanks for the reminder, mom.

    ReplyDelete
  2. According to the CDC, there were 13,000 people hospitalized due to CO poisoning in homes last year. The numbers are on the rise. Of the CO deaths that occurred, the rate was highest among the elderly, aged 65 and older.

    So you might want to visit "mom", test her CO monitor and change the batteries for her.

    ReplyDelete
  3. I feel so much safer with you watching over me and probably so do the readers of this blog. However, I prefer to read about "The Further Adventures of our Condo Board" and your squabble with them.

    ReplyDelete
  4. What you do with the info is your business!

    ReplyDelete
  5. Why do some of you take something positive and try to make a negative out of it? This is a very useful reminder, nothing more. Another useful way to use this reminder would have been to print this in the newsletter.

    ReplyDelete
  6. So you might want to visit "mom", test her CO monitor and change the batteries for her.

    My mom died of CO poisoning, thanks for making a joke about it NORM

    ReplyDelete
  7. Anon. 5:11pm. Sorry to hear that. So you would agree that it is important to check the monitor batteries.

    ReplyDelete
  8. Anon 8:27:

    Yes I would agree.

    ReplyDelete
  9. In response to Anon 5:11, sorry for your loss. However, accusing someone by name of making a joke, when it is abundantly clear that a joke was never in any way intended, is the same "injustice" to that person as you think was inflicted upon you.

    ReplyDelete
  10. Anon Nov 1, 12:00 PM = idiot.

    ReplyDelete

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