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

Saturday, May 9, 2015

Wheaton's Flood Study Website


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Monday's City Council Meeting is a planning session. One of the topics will be the Briarcliffe Lakes System Flood Study. This study is a partial one. There are seventeen flood prone areas in Wheaton (according to the documents) and it will require two years to complete all studies. According to the engineering consultant "The study also went one step further in comparison to the two previous studies (Cherry Street & Williston Basin) and also provided a mitigation alternative analysis." A major problem will be determination of how to fund any improvements. Knowing what to do is only a part of the problem. Determining a source of funding is also a major hurdle.

Anyone who has kept current with the dire financial straits of Illinois should be aware that the State has reduced funding to municipalities several times in recent years. This represents many millions of dollars of funding which the City of Wheaton must now make up from other sources, including resident taxes.

The engineering department has put flood study documents on the City's website. Here is the website information and links to the pdf documents. There are two documents:
  1. Summary.
  2. Complete Study.

"Briarcliffe Lakes System Flood Study

On April 18, 2013, a major storm event occurred in the City of Wheaton. Many areas throughout the city were flooded, including the flood-prone area Brentwood Lane east of Briarcliffe Boulevard. During the storm, the system of lakes north of Brentwood Lane all filled to capacity. Then, flood waters poured over the southern berm of Lake Four, flooding a large residential area, disrupting residents' lives, and causing property damage and loss.
The flooding that occurred is not an isolated incidence. Based on the City’s records and best available information, the berm has overtopped seven times in the last 45 years. In response to the flooding and in conjunction with Strategic Goal 3D, the City Council approved the Briarcliffe Lakes System Flood Study to analyze and document the flooding conditions of this flood-prone area as well as propose possible mitigation options.

Flood Study Summary

The Briarcliffe Lakes System Flood Study was finalized in March 2015 and has been summarized in the following memorandum:

Complete Flood Study

The complete Briarcliffe Lakes System Flood Study is also available:

That's all, folks!

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