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, August 5, 2011

COD Construction

The College of Dupage is working on their property immediately to the east of BLMH. Management and some board members have met with the college to get some clarity about the nature of this project. At present, it includes parking and a new grassy retention area, with bermed wall.

Added August 8, 2011:
The following link provides a colorful drawing of the "parking improvements" at COD, which according to the College website will have an approximate construction date of July 15 to September 5 for the area at our property line. The COD website states that "In our continued effort to inform the COD community, Facilities Planning and Construction has issued this Official Communication to provide more detailed information regarding the 2011 Parking Improvement project."

Link to COD Parking News

Continuation of Post of August 5:
According to the Village of Glen Ellyn, construction within their boundaries is permitted between 7:00am and 7:00pm Monday through Saturday, and 8:00am to 5:00pm on Sunday

Here's a few photos:












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