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, August 10, 2014

Lakecliffe - Update Sunday August 10


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UPDATE 12:40pm, Sunday Aug. 10 
Over at Weatherunderground.com they say there is currently a 90% chance of a thunderstorm tonight. That could delay the paving. However, at present there has been no indication of a change in schedule and all residents in the construction area should plan on work beginning at 6:45am or possibly earlier. If rain does not arrive tonight, Monday morning could be a mad dash by the paving contractor to beat the rain.

Attempting to get certainty with the weather is very difficult. For example, here is the NOAA official weather forecast for Wheaton IL, last updated at 11:52am:

This Afternoon:   Mostly cloudy, with a high near 83. East northeast wind around 10 mph. Tonight: Mostly cloudy, with a low around 66. North northeast wind 5 to 10 mph.
Monday: Showers and thunderstorms likely, mainly after 1pm. Mostly cloudy, with a high near 82. North northwest wind around 5 mph. Chance of precipitation is 60%. New rainfall amounts between a tenth and quarter of an inch, except higher amounts possible in thunderstorms.
Monday Night: A chance of showers and thunderstorms. Mostly cloudy, with a low around 63. Northwest wind 5 to 10 mph, with gusts as high as 15 mph. Chance of precipitation is 30%.

UPDATE 3:30pm, Sunday Aug. 10 
This Afternoon: Partly sunny, with a high near 83. East northeast wind around 10 mph.
Tonight:  Isolated showers between 7pm and 4am, then scattered showers and thunderstorms after 4am. Mostly cloudy, with a low around 66. North northeast wind 5 to 10 mph. Chance of precipitation is 40%.
Monday: Scattered showers and thunderstorms. Mostly cloudy, with a high near 82. Light north wind increasing to 5 to 10 mph in the morning. Chance of precipitation is 50%.

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