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

Tuesday, January 6, 2015

Cold Weather Condo Living


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Well, this morning it was darn chilly outside. Nary a squirrel in sight. I kicked the thermostat up to 72F to get the condo well heated. Of course, with the predicted cold the kitchen cabinet under the sink was left open to allow heat to enter. That sink is on an outside wall and this is one of the winter tips which the association provides to residents each year. It's prudent to read those tips and use them.

I've never had a pipe freezing issue, and the temperature in my condo is normally set at 68F. So I guess I'm doing something right.

This morning after I shoveled around my car, one of the neighbors offered to help me. I declined but perhaps next time. We only got about 2 inches of light snow last night and I had very little to shovel this morning. Several days ago I scraped a good portion of the driveway and salted the drive and entrance. We had freezing rain followed by a dip in temperatures and about 1/2 inch of snow.

Not much so far this year.

Breakfast and a Walk
We decided to go to the Park District indoor track to get a good walk/jog in this morning.  I snapped the morning photo on the masthead while the coffee was brewing. I was up making a breakfast of Farina and a pot of coffee for me and ginger tea (fresh ginger) for G. Then we were off to the track. Life is good.


Just for chuckles, here is the current 10-day weather forecast from Weatherunderground.



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