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

The Green Flag is Up


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Two posts in one day.
The red flag is up at the park across the street, so the ice skating area isn't ready yet. However, with this weather it won't be long and the green flag will be up, signalling the skating area is ready for skating and solid.

This year, I may again take the ice skates out of the closet and don them.  For me it's all about timing. I need to be here at a time when the ice is good and the temperatures cold, but not too cold. With frequent business travel and other commitments it is difficult to break free during the day and skate my concerns away.

Here's the same area last year and the green flag was definitely up. It is clearly visible in the first photo. G was tossing a snowball as I snapped this photo:




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