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, March 17, 2015

IRS Scam



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Last week, I received a call from someone who stated they were from the IRS and this was "a very serious matter."

I hung up, because it was a ruse to extort money from me. How did I know this? It's because the IRS always initiates contact via U.S, Mail and never by telephone, email or text message.

So if you are badgered over the telephone to pay "taxes" via your debit card or whatever, it is a scam and hang up. Ignore their fake "badge numbers" and credentials.

It is recommended that you contact any IRS impersonation to the "Treasury Inspector General for Tax Administration" or Tigta at 1-800-366-4484 or www.tigta.gov. You can also contact the Federal Trade Commission through the FTC Complaint Assistant at FTC.gov, and add “IRS Telephone Scam” to the complaint comments.

Good luck!


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