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

Friday, February 21, 2014

Wheaton Tackles the Potholes

Yes, it has been a tough year for the streets. Here's the latest press release from the City of Wheaton:

Public Works Street Superintendent Mike Wakefield
Friday, Feb. 21, 2014


Crews Take on Potholes Citywide Starting Monday


WHEATON, Ill. – With 22 days of below-zero temperatures and more than 67 inches of snow so far, this winter has been tough on roads. Extended periods of severe cold weather, fluctuating temperatures and excessive amounts of snow have produced excellent conditions for one thing in the Midwest: potholes.

Starting Monday, Feb. 24, two Wheaton Public Works Department crews will begin patching potholes from 7 a.m.-2 p.m. and 10 p.m.-5 a.m. each day until potholes throughout the entire city have been filled.

“This winter has produced some dramatic weather, which unfortunately creates the right conditions for potholes to form,” said Mike Wakefield, City of Wheaton Street Superintendent. “We have seen a significant number of potholes popping up in all parts of the city, so we’re going to be filling them using the same priority routes we use for clearing snow, rather than jumping from one spot to the next.”

The prioritized route system starts with main thoroughfares, then addresses secondary and residential streets, and finishes with cul-de-sacs and dead-ends. This patching will serve as a temporary fix for potholes, as crews need warmer temperatures to perform permanent repairs using new asphalt.

“Please use caution if you’re driving around pothole crews,” Wakefield said. “We appreciate your patience as we work to get to every part of the city.”

Residents can report a pothole through the Online Request Form on the City’s website or call 630-260-2116.

Note for BLMH residents. Our streets are our responsibility. The City of Wheaton will provide absolutely no assistance for the streets or the water mains on the property. Why is that? We are a PUD, or "Private Urban Development." What that means is that Wheaton collects your taxes, but other than Police or Fire assistance, you and this association are entirely on our own. 

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