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

Wednesday, February 19, 2014

Higher Gasoline Prices on the Way

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It's that time of year again. Crude oil prices have risen to $100 a barrel and gasoline prices have been moving up since February 3, 2014. A month ago crude was about $93 a barrel. Analysts predict that refineries will begin reducing production to perform maintenance and to switch to EPA mandated summer gasoline blends.

The good news? It's unlikely that Illinois gasoline prices will reach recent
February peaks of:
  • 2013 $4.24 peak
  • 2012 $4.28 peak
  • 2011 $4.34 peak 
Currently the average price of gasoline in the US is $3.34. In Illinois, regular gas is average $3.481 per gallon according to AAA.

In Wheaton, the lowest regular gasoline prices today were $3.35 a gallon (go to gasbuddy.com).That's better than the prices of $3.95 one year ago today.

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