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

Saturday, August 11, 2012

Mortgage Relief Project Outreach Event

The City of Wheaton has issued this press release dated August 6, 2012:



 Mortgage Relief Project Outreach Event Aug. 25

The Mortgage Relief Project will host an outreach event from 9 a.m. to 1 p.m. Saturday, Aug. 25 to help connect residents with programs to help them lower their mortgages, avoid foreclosure and keep their homes. Hosted at the DuPage County Government Center Auditorium, 421 N. County Farm Road, Wheaton, the event is presented through the Illinois Foreclosure Prevention Network, a State of Illinois entity. The event will include free housing counseling, information on identifying mortgage fraud and more.
To register or for more information, visit www.keepyourhomeillinois.org or call 800-532-8785. The local event will be hosted by State Senator Thomas Johnson, State Representative Mike Fortner, State Representative Darlene Senger and DuPage County Board Chairman Daniel Cronin.
 


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