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

Thursday, June 16, 2011

Stream #1 is Nearing Completion

This morning the pump for stream #1 was started up several times, and ran for a period of time. It seems maintenance is nearing completion. However, it is unclear if this project is complete and the pump will be able to operate continuously.

I can't say precisely how long the pump was running this morning. I suppose some might expect that I should be here to provide proper "oversight," that I should know exactly and further, that I should "micromanage" this project. Well, I won't and I can't. I am of the opinion that maintenance is proceeding "as rapidly as possible" in view of the weather. This maintenance repair is also proceeding within the timetable discussed with maintenance and authorized in the May 16th work order. I am also of the opinion that this would not be accelerated by authorizing overtime. I also have to question if such acceleration, if it requires spending more money, is a prudent use of association funds. For that reason, I have no intention of authorizing additional expense to achieve full operation by Friday night. My position is my opinion and that is apparently not shared by all. That's fine. We're each entitled to our opinion.

I suppose some might say that the popular thing to do as a board member would be to ask the owners "what would please you?" and then authorize that. Here's a rhetorical question: "What would a fiduciary for this association do?"

However, the ducklings seem to be happy, and not at all concerned. This is in stark contrast to a report that an owner stated in essence that it is being said that "I have no friends." That is certainly untrue, and even the ducklings are my friends. I can only suspect that some of these statements are being made to belittle or simply to goad me. "Thank you for your remarks" even if unkind or untrue.

Hmm, I would add that such statements, if true, being made by people who are my "neighbors" in this community, well, let me just say that making such or similar statements is possibly better than some of the other stuff that's been circulating lately, and I am not referring to the water in the pond and stream. That "stuff" may be the source of the negative opinions.


Comments, Corrections, Omissions, References
Note 1. Perhaps a duckling would be the ideal board member. Probably not. Some would say they quack too much. But they are cute. 
Note 2. Sigh, the lonely life of a board member! - NOT!



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