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, January 31, 2010

Dealing with Misdirection

From time to time anonymous posters come to this site and leave comments designed to intimidate and/or for the purpose of misdirection.
I won’t honor these people who prefer to hide and attack anonymously, or who spread misdirection, untruths, half truths, rumors and bile. However, I  won’t allow gross untruths to go unchallenged. These statements are deliberate attempts to pass responsibility to other parties, are an attempt to alter the reality of what actually occurs during meetings, or to alter the decision making process.
This is 2010, a “new year” and it will not be a repeat of 2009. 

1 comment:

  1. I don't understand Norm, if the posters are posting anonomously, how will you know who they are?

    ReplyDelete

Please leave a comment!

Note: Only a member of this blog may post a comment.