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, May 20, 2015

Lakecliffe Paving Update


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This post will be updated frequently with current information.


May 27, 2015, 3:33pm. aWork began this morning at about 7:00am. I posted a seperate update at 3:33pm. The schedule has changed. Anyone who wants current official information should click on the following link:
www.BLMH.org


May 22, 2015, 9:00pm. Management has provided additional information at the official association website. Anyone who wants current official information should click on the following link:
www.BLMH.org


May 20, 2015, 1:00pm. While management works on getting some certainty, the weather for next week is deteriorating. Currently there is a 50% chance of thunderstorms commencing Sunday and continuing through Friday. Sooooo, weather will be a factor and will complicate this project and prevent 100% accurate communications.

Want better weather forecasting? Watch Tom Skilling, who reputedly makes $2 million a year, has a staff of about 12, and seems to have great difficulty getting it right. When the highly paid "experts" can't provide reliable information, what is one to do?

May 20, 2015, 11:00am. We have been informed that the work cannot begin until May 26 or 27. The contractor will then begin working on water mains on the property. Refer to the aerial view and diagram in this post; the red lines are the locations of the mains where they cross Lakecliffe. One main will be replaced at a time. We are awaiting verification of precisely where  the water main work will begin, so that residents are aware of precisely where Lakecliffe will be closed on the first day. With this information residents will know if the South entrance is open and will also know the shortest route in and out of the property.

Hopefully, management will get timely updates out so residents know which entrance to leave from in the morning and how to get back to their residence during the day and at the end of their work day. That's my goal, anyway. Keep your fingers crossed. "Everything can be resolved in communications." But getting firm commitments out of contractors when Wheaton permitting and weather is involved can be a problem. Of course, I've been told by a very few residents that "We don't read your blog" and "We don't read the newsletter." I assume some also won't read the notices posted in their building entrance, either. Here's a reality check. The responsibility to communicate, and communicating responsibility is a two-way street.





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