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

Friday, August 8, 2014

Lakecliffe - Update August 8, 2014


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UPDATE 4:00 PM, Friday Aug. 8. Notices have been posted in the foyer of each entrance in the construction zone. Residents should read the notices and comply. The street is closed for the weekend and cars will be towed.

Original Post 9:02AM:
Notices were posted yesterday, Thursday August 7 by management at the buildings in the construction zone. This provided the latest schedule information, information about trash pickup on Friday (today) and so on. Currently, the northern section of the street is closed until all construction is completed. Residents in the construction zone are being instructed that they can drive in only after the "ROAD CLOSED" signs and barricades have been removed.

The "Construction" signs were updated this morning. At 6:00am, HOA maintenance workers and myself were on hand to make sure trash and recycling vehicles had access. Trash and recycle bins were carried to the street and then put back on driveways for those addresses with dug-up drives.

At 7:00am, construction resumed.

At 8:30am the construction signs were updated with the latest information. The north section of the street will remain closed through the weekend. Paving is to occur on Monday.

Newsletters were distributed to the north half of the property yesterday evening.


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