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, April 5, 2012

The "Mustard" Test

We're looking at some extensive repairs to an area which is called "Waterfall Number 2." That will include a new deck and bridge. One of several questions to be answered is "what decking material to use?"

I made a presentation to the board during the most recent association meeting, and gave them several samples of a "man made" decking product. This is, according to the manufacturer, of 95% recycled wood and plastic, and is suitable for installation in direct contact with the ground. Depending upon the actual product used, the warranty ranges from 20 years to "lifetime." As with all such decisions, the initial cost should be compared to "lifetime" benefits.  A principle goal is to reduce maintenance. That includes repairs and painting.

The product under consideration does not require staining; however, it will fade in color over time. It can be power washed, and if necessary, could be stained in the future. Who knows, in 20 years, the association might want to "spruce up" the deck.

An owner suggested that I do the "mustard test" to determine stain resistance. The material is stain resistant, but  is not immune or impervious to staining. So I decided to take one of the samples and subject it to the test.On March 10 I took a big dollop of yellow mustard and applied it, and allowed it to completely dry. I then washed the decking with plain water (no soap or scrubbing). The results are as follows:


After an hour, and allowing the mustard to dry completely:


I rinsed with warm water and allowed the sample to dry. Here is how it looked in artificial as well as daylight:



Notes:
 1. This wasn't a scientific test with controls, but it was adequate for my purpose.

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