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, April 3, 2014

Spring has Sprung!

Bookmark and Share


Today we had our first real spring shower. Now, I don't want to mislead anyone. We may yet get more snow and ice for the winter of 2013/2014.

Yet, yesterday i saw the ducks in the recently thawed pond. There is no denying it, Spring is in the air.

Unfortunately, today's rain added to the ground moisture. Yes, it will flush some of winter's detritus into the storm sewers. It will also add to the ground moisture, which we really don't need. Here's WeatherUnderground's radar image as the thunderstorm subsides.


No comments:

Post a Comment

Please leave a comment!

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