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, December 19, 2013

COD of Glen Ellyn is included in the Dam Study

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Here's a brief update.
In May the Illinois Department of Natural Resources ("IDNR") issued a letter to our HOA advising us that a permit was required for "Lake 4" which the IDNR had classified as a dam. This was apparently a consequence of the flooding which occurred in this area on April 18, 2013.

In reality, the situation with this 6 acre lake is complicated by an easement to the City of Wheaton to "operate and maintain" a storm water control system which includes not only this lake, but those upstream which feed it. Immediately to the east of "lake 4" is the Hoddinot Wildlife Refuge, which is in Glen Ellyn and operated and maintained by the College of DuPage. This includes COD's "Pond 7" which is separated from lake 4 by a shallow weir.

It took a few months to sort this out and on October 14 the IDNR issued a new "directive" to our association and to the College of DuPage. That directive was copied to The Village of Glen Ellyn, the City of Wheaton, and to the County of DuPage. So, finally, we are all operating on the same page!

The study funded by the City of Wheaton is progressing, and recently the engineering firm they commissioned has been conducting surveys of the immediate area.








For more information on the study see the following post:;New Window> City of Wheaton - Briarcliffe Study





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