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

Saturday, July 26, 2014

Lakecliffe - We Really Aren't Kidding!


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This post is an update

The current weather predictions are "Clear Skies" for Monday, Tuesday and Wednesday. [Sunday update: Now the weather is possible "Showers" on Tuesday and Wednesday]. The paver has set up signage and is getting ready for that Monday, 7:00am target.

Will some of us be inconvenienced? Yes we will be. Should we be surprised if we are? No. The association has posted notices and mailed a notice with targeted language to each and every owner and every tenant. This includes all on site and offsite owners. If you really believe you should not experience construction then I have to ask "Why are you living in a 40 year old Condominium Association which is a PUD and maintains streets, driveways and water mains?" The answer I am frequently provided in this circular argument is "Because it would be so inconvenient to move elsewhere."

Do I have any advice? Yes I do. Avoid the north half of Lakecliffe while this is going on. There will be periods when the street is closed to traffic. That will cut off Harrow Ct. If you really need access to your automobile at all times, then park it somewhere else. Park it elsewhere commencing at 6:45am while construction is underway or while the streets are closed. Once the construction begins, moving vehicles may be difficult or impossible.



Are we prepared? This is actually two questions. Is the association prepared and Am I, as an individual, prepared? I can speak only for myself and I aware of the efforts taken by the association to prepare for this. Association logistics has included the clearing of some parking areas which were occupied by construction materials. The next photo shows one of those cleared areas. 

As individuals, we should have a plan to moving our automobiles to other areas, arranging for rides if we need one, getting groceries over the weekend, etc. so we can avoid using our automobiles and so on. There will be periods when Lakecliffe is closed or impassable and Harrow Court will be cut off. In an emergency vehicles will be able to get through. However, shopping is not an emergency.

What are my personal preparations? I will say this. As of 6:45am on Monday the vehicle I need to use will be moved to Briarcliffe Blvd. It will be off the property while construction work is underway. If I am elsewhere for business or whatever, then I won't be here. My unit is within the construction zone.




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