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

Wednesday, March 11, 2015

Winter Recedes



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I returned "home" for a few days between contracts and so I was able to snap the masthead photo.

Yes, spring is coming.

I've already received to ("two") complaints about driveways in alleged disrepair. The opinion of "disrepair" is that of the resident.

I personally think this HOA should turn over more of the maintenance to owners. That includes patios, decks and driveways. Let them get a taste of what it takes to maintain the property instead of sitting back and complaining.

I think it is a mistake for boards to be caretakers. Our "owners" are owners and should be treated accordingly. In my humble opinion, that means they should be required to make these decisions, deal with the other owners in their entrance and put out the money directly instead of expecting a board and management to make their lives wonderful.

After a decade of life at BLMH I have concluded that it is time for owners to operate accordingly, and they will NEVER do so unless forced to.

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