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

Monday, July 2, 2012

Severe Storm and Some Tree Damage

Yesterday, a severe storm blew through the area at about 11:30AM.

Returning from religious services, my spouse and I spotted a tree down and I immediately notified management. In fact, several board members contacted management and looked over the association grounds for damage. After the storm had blown out, a few residents were walking the grounds and I met one owner behind Harrow Court en route to Thames.

Here's several photos taken commencing 12:12PM on July 1. A list of locations with damaged trees of note, and several photos were sent to management, the president of the board and to the landscaping director.

Our association has a regular program of tree trimming. It isn't perfect, but it catches most of the problems and limits the damage. Last year, a number of willows on the property were removed. This was a preventative measure.

Not all of our owners agree with this expenditure of fees for prevention.. However, the alternatives are unpleasant or worse. Today we'll have a heat index of about 100F and a lot of people in the area are without power. That includes parts of Wheaton, Winfield, Glen Ellyn and Lombard. As of noon today, ComEd reported 11,637 customers affected in Glen Ellyn! I've attached a link to ComEd's outage map at the end of this post. .

I drove through the village via Main Street at about 8:00am en route to the office and found it blocked north of downtown. Then I had fun taking the circuitous route to get to North Avenue, which had lights out. 

Click on Photos to Enlarge:



Note:
  1. I spoke briefly with our landscaping director and we discussed the decision to remove willows on Gloucester. I told him that was a good call in 2011.
  2. Some of our owners, the ones who like to complain and make statements such as ":they can't tell us what to do" won't be telling management or the board they did a good job. They'll probably be recruiting a new band of renown for our forthcoming popularity contest. That contest also goes under the name "election." Perhaps it's again time for some change.

Here's a link to ComEd's outage map:
Clicking will open a window toNew Window> ComEd's Outage Map



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