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, May 13, 2013

Flood - Federal Assistance Available for Flood Recovery

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PRESS RELEASE - City of Wheaton

Contact Information:
FEMA, 1-800-621-3362 or www.disasterassistance.gov
Wheaton residents who experienced flooding damage can now apply for federal grants and loans to assist with storm-related losses now that President Obama has issued a federal disaster declaration for 11 Illinois counties, including DuPage County.

5/13/2013

Federal Assistance Available for Flooding Recovery

WHEATON, Ill. – President Obama approved Illinois Governor Pat Quinn’s request for federal assistance to help people in 11 counties – including DuPage County – recover from historic flooding in mid-April. This means that Wheaton residents who experienced flooding damage can now apply for federal grants and loans to assist with storm-related losses.

The federal disaster declaration makes assistance available to flood victims, including grants to individuals and households to help with temporary housing, home repairs or replacement and other disaster-related expenses, as well as low-interest SBA loans to residents and businesses.

The Federal Emergency Management Agency (FEMA) administers this assistance program. To apply for assistance, visit www.disasterassistance.gov or call 1-800-621-FEMA (3362).

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Note:
The above per the City of Wheaton. Their website is at http://www.wheaton.il.us/default.aspx

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