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

Wednesday, August 31, 2011

Waterfall #1 is Finally in Operation

Well, after replacing the pump pit, and then the electrical controls, the pump and stream are finally back in operation!

I got calls when it was down and one of the neighbors, on seeing me on the grounds recently quipped "Well, so you finally decided to come down." I assume he was referring to Mt. Olympus which is where all board members supposedly reside, sipping mint juleps or sassafras tea. Or was he referring to my "high horse?"

With the stream in operation I haven't gotten any congratulatory phone calls. Gee, why doesn't that surprise me? The mantra was and I assume it remains "What do we get for all that money we pay?"

Well, enjoy the view. This photo depicts one of hundreds of such views at BLMH.



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