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 6, 2015

Waterfall Awakens

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The waterfall and stream systems have been surveyed and inspected a week ago, they have been cleaned and some repairs are underway. This post includes a video of one of the streams in operation.

On May 4 maintenance began starting the streams. BLMH has three such systems. They are in various states and one is excellent, one is good, and one is "fair" but with some good sections. Stream repairs were restarted in 2011 and pump pits have been replaced and some concrete sections replaced. A large, collapsing deck and walk system was removed and a new bridge installed.

I am of the opinion the current condition is is a consequence of the decision to install high end architectural roofs. That project began in 2001-2002 at a time the HOA lacked the reserves for this $2 million + project. Nevertheless, the boards prior to 2010 decided to proceed and increased reserve contributions dramatically. That diverted substantial funds to this project.

However, our streams are functional and with the completion of the third pump pit replacement they will all be restarted as the board agrees.

The current masthead photo and the thumbnail for the following video show a replaced section of this stream. That concrete work was done in 2014. More remains to do.


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