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

Tuesday, May 6, 2014

Electricity Rates Increase Dramatically

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It may be that time to change electricity suppliers

My electrical energy provider which is not ComEd announced a 44% rate increase. I have been paying $0.0549 per kWh. So it was a no brainer to look for a new electrical energy supplier. 

I have done so and it might also be time for you to do the same. 

My electrical energy costs per kWh will be more in 2014 than they were in 2013. On the other hand, by changing suppliers I will save several hundred dollars. 


1 comment:

  1. Hi Norm,

    I was wondering if you could share some insight on how this process went for you? When I moved to a home with my wife, I got quite a few calls from these electricity and natural gas suppliers that tell you how much cheaper they are than ComEd/Nicor. However, whenever I looked into these companies online, it always turned out to be a scam - the usage rates are vastly lower, but you get hit with very high 'service fees' that end up costing you more money.

    How was your search for another electricity supplier and did you run into any of this? What company did you end up going with?

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