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, February 13, 2014

Run Water to Keep Underground Pipes from Freezing

Bookmark and Share

The City of Wheaton has issued this press release on February 13:

"Run Water to Keep Underground Pipes from Freezing

WHEATON, Ill. – Within the past two weeks, the City of Wheaton’s Water Division has received 25 calls for frozen water services. This winter’s cold temperatures have driven frost about 48 inches into the ground under plowed streets and driveways, which can cause underground pipes to freeze. To help prevent your water service from freezing, the Water Division recommends running a constant stream of water the size of a pencil lead at one faucet in your home. The Water Division will issue another notice when the risk of frozen underground pipes has dissipated. "


No comments:

Post a Comment

Please leave a comment!

Note: Only a member of this blog may post a comment.