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, May 10, 2016

Spring Rain



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We were very fortunate. Sunday was a beautiful spring day shoehorned between several days of rain. That doesn't often occur and we seem to get more rain on the weekend days. However, that could be work bias. After all, if one is indoors during the week and works or travels from 7am to 7pm, there isn't much opportunity to enjoy the sunshine.

Currently we are getting a steady downpour which is slowly moving northeast. That too is normal for Spring as the prevailing westerly breezes become slightly southerly in origination. It's another 55F (13C) day but when the rain ends it should warm slightly.

As pleasant as this weather is, it also means that outdoor work at BLHM cannot occur. And there is a considerable amount, from landscaping issues, to deck replacements, exterior building maintenance in preparation for the painting of this year's buildings in the cycle, and preparatory work for the roofing project, and so on. We perform serious exterior maintenance on one-sixth of the building on this extensive property each year. We have at most seven months in any year to do this.



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