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

Friday, April 23, 2010

Comments in Norm's Mailbox

April 22, 2010:

I received an interesting email, which strayed into general observations, so I have abbreviated the comment:
"I think one of the main problems in society is that most people sit back and allow others to make decisions for themselves and.....allow others to do the "work" that is needed.......I think everyone should....listen and read what our [leadership is] saying, and stand up and protest and vote them out if need be..... but more importantly....I think more people should run.......and we need more [choices]......."

"What I see [is].....good people - smart people - too busy to run for office and then you have these stupid knuckle-heads that run for office that can barely spell and/or are very corrupt and then we (the people) sit around and say, "wow, did you hear what they're doing?" People mostly complain and do nothing in terms of action (like even voting)....."

No comments:

Post a Comment

Please leave a comment!

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