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

Sunday, March 9, 2014

City Council Considering Adopting Updated Building Codes

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The City is considering a significant change to the building codes. Currently, the codes are based on the 2003 version of the ICC (International Code Council). The city is considering making the 2012 version the official code requirement. The press release and links to related matter is included at the end of this post.

The owners in our association are in the beginning stages of replacing or removing all fireplaces. A series of future posts will detail why this is necessary and how the owners and association are going about doing this.

The possible change in city codes would suggest that any owner wait to see where this particular moving target goes. After all, any new installation will have to meet the code that is in place in a few months. The Building Code & Enforcement Director has stipulated that plans and drawings be provided before approval and permitting. As I see it, spending money on engineering or architectural services could be a waste of owner money at this time.


PRESS RELEASE

Contact Information:
Director of Building & Code Enforcement Joe Kreidl

2/26/2014

City Council Considering Adopting Updated Building Codes

WHEATON, Ill. – The City Council is reviewing the adoption of the 2012 ICC Building Codes. The City currently enforces the 2003 ICC Building Codes.

Copies of the 2012 ICC Building Codes, significant changes to the codes since 2003, and a draft ordinance adopting the 2012 ICC Building Codes are available for inspection at the Building Department, Wheaton City Hall, 303 W. Wesley St., during normal business hours. For questions or feedback, please contact Joe Kreidl, Director of Building and Code Enforcement at jkreidl@wheaton.il.us or 630-260-2050.

The City Council discussed proposed changes to the Building Codes at the Feb. 24 Planning Session. You can view the meeting video and see the Report on Updating Building Codes on the City’s website.

The Council will further discuss these changes at the March 24 Planning Session. A first reading of the proposed ordinance will take place at the April 7 City Council Meeting, and the Council will vote on it at the April 21 City Council Meeting.

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Clicking will open a  New Window> Planning Session Video

Clicking will open a  New Window> Report on Updating Building Codes



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