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, March 27, 2010

Learn about our City's Budget at Three Workshops


Press Release Thursday, March 25, 2010

Learn About City Budget at Upcoming Workshops

WHEATON, Ill. – If you would like to learn about the City of Wheaton’s proposed budget for fiscal year 2010-2011, you can attend three upcoming Budget Workshop Sessions. They will take place in the Council Chambers of City Hall, 303 W. Wesley St., at the following times:
  • Saturday, April 10 at 9 a.m.
  • Monday, April 12 at 7 p.m.
  • Saturday, April 17 at 9 a.m.
During these workshops, City staff and the City Council will discuss and review the proposed City budget for the upcoming fiscal year. The workshops will be videotaped and shown at a later date on City of Wheaton Channel 10, and they will also be available on the City’s website.

In addition, the Wheaton City Council will hold a public hearing regarding the 2010-2011 Municipal Budget at 7 p.m. Monday, April 26 in the Council Chambers of City Hall. 

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