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

Monday, August 11, 2014

Lakecliffe - Update Monday August 11


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UPDATE 5:30pm Monday, Aug. 11
The engineer retained for this project has been in communication with management, maintenance and the board. Here is the current status. 
The application of Prime Coat: Given the rain the project has taken on during the last 24 hrs., the use of the prime coat will not likely have the desired benefits.
The engineer recommends that if the site takes on any more rain between now and tomorrow morning, the prime coat should not be applied. Likewise if it stays dry from now until early tomorrow morning, the prime coat could be applied.
The construction services manager for the engineering firm will plan to be on-site early tomorrow morning to help make this determination. Management, maintenance and a representative for the board (me) will be there for the decision.
Bottom line:  We need to return the road to service.  

UPDATE 3:00pm Monday, Aug. 11 
If it doesn't rain tonight and if it is dry then work will resume tomorrow morning.  However, here is the latest NOAA.gov weather prediction at 2:52pm:

Tonight: A 50 percent chance of showers and thunderstorms. Patchy fog after 4am. Otherwise, mostly cloudy, with a low around 63. Light west northwest wind becoming northwest 5 to 10 mph in the evening.
Tuesday: A slight chance of showers before 1pm. Patchy fog before 7am. Otherwise, cloudy, then gradually becoming mostly sunny, with a high near 74. North northwest wind 10 to 15 mph, with gusts as high as 25 mph. Chance of precipitation is 20%.


UPDATE 9:08am Monday, Aug. 11 
It's official. Work will not resume today.

ORIGINAL POST 7:30am Monday, Aug. 11 
Thunderstorms entered the area at about 2:00am. Intermittent rain is to continue today and tonight.

No word at present as to when work will resume and the paving completed on north Lakecliffe.

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