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, July 13, 2014

$232 Million Isn’t Enough at College of DuPage - "It's a spending and taxing machine"


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The Following video was published on June 30, 2014
"Adam Andrzejewski lays out the College of DuPage Pay-To-Play With Governor Quinn- election votes for $20 million Construction Grant? The public comment at a board of trustees meeting is based in full on an email from President Robert Breuder to trustees detailing a political strategy to concoct a scheme to secure funding for an un-needed project."




The following is dated June 24, 2014 by the group "For the Good of Illinois" This post has highlights of an article over at that website and a brief video of an excerpt from a COD Board of Trustees meeting dated May 22, 2014.. The full article is on the forthegoodofillinois.org website here:



The next video: "FREEZE PROPERTY TAXES, FREEZE STUDENT TUITION 

College of DuPage (COD) is a community college in Northern Illinois. It’s a spending and taxing machine… QUESTION: “Whose home is worth more today than in 2008- at the height of the DuPage County real estate market?” ANSWER [from the audience] : NONE.

FACT: Since 2008, College of DuPage hiked property taxes by 59% while home values declined. QUESTION: ”Who believes that a community college president- anywhere in Illinois- should cost taxpayers $500,000 per year?” ANSWER [from the audience]: NONE 

FACT: COD President Robert Breuder costs us nearly $500,000 yearly."

http://forthegoodofillinois.org/blog/2014/06/232-million-isnt-enough-at-college-of-dupage/

Video - Freeze Property Taxes, Freeze Student Tuition
Adam Andrzejewski, founder and Chairman of For The Good of Illinois gives public comment at College of DuPage budget meeting [on May 22, 2014].. Spending $160 million dollars leaves $72 million in the bank. That's enough to rebate a full year of property taxes or free student tuition. Andrzejewski only calls on the board to stop the hikes in taxes and tuition!





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