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

Thursday, February 19, 2015

Brrr!



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This is a really cold week, but then again I just read an article entitled "Second Warmest Weather in January Globally." So, it was really hot in some parts of Australia?  I'm sure Tom Skilling will use (abuse) 15 minutes tonight to explain the obvious. I won't be listening. There is something inherently an issue for me to watch a TV channel with commercials and for which I also pay a fee to Comcast for the privilege.

The good news is, the days are getting longer and this weather will recede. Last year, we were dealing with -14F, in case anyone has forgotten, and about 50 inches of accumulated snow.

If you want warmer weather, move to Tucson. Of course, they tell me that city has five seasons, including "fire" and "monsoon."

The above is a photo taken of my smartphone about 4 hours after I left for work. I can tell you, it was darned cold at 6:30am, and as I travelled westward the thermometer dropped and then dropped again.

This is all normal for this part of the country. But some of the local residents prefer to pretend this may not be so and so we have a few automobiles locked in the ice. Apparently some residents ignore the recommendations this HOA makes. Specifically, move one's automobile to one's driveway so the streets can be plowed during serious winter storms. Then move it back to the plowed street and our service will clean the driveways. Some residents do this, and some don't. Too much of a bother to get out there early in the morning, I guess!

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