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

Tuesday, January 24, 2012

State Candidate's Forums


What Else Can We Do?

Tonight at the Wheaton Park District Community Center 777 S. Blanchard, Wheaton IL the League of Women Voters is hosting the first of two consecutive nights of Candidate Forums. The event will start at 7:00pm and end about 9:00pm. Here's the agenda:
  1. TUESDAY, JANUARY 24 Candidates for State Representative and Senate
  2. WEDNESDAY, JANUARY 25 Candidates for County Board and Forest Preserve


The current economic situation is not the fault of the board or management, who have to find a way to deal with the current reality and inept politics, just as you do. We live in a state (Illinois) which is technically bankrupt, owes its current creditors about $7 billion, has underfunded pensions by about 45% and was declared last week to be in the WORST financial condition of all 50 states! Our state politicians raised income taxes about 67% and still cannot stop the increase in spending. Our state representatives are the one's who vote for these spending programs, so it might be wise to attend and see what the candidates think about this.

On the national level, if you have an opinion about the financial direction of this country, send a letter to President Obama, and to the heads of the Democratic National Committee, the Republican National Committee, and of course, your Senators and members of the House of Representatives. These are the people responsible for the policies in this country. They designed these programs and the policies that support them. Our association has to deal with these issues, just as you do. However, BLMH can't vote in the next federal or state election. Your association is powerless to influence the Congress of the USA and your President. Only the owners at BLMH, who are registered voters, can do that!

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