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

Thursday, June 16, 2016

962,668 Words


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In recent months I've slowed the pace of posts for this blog. There are a number of reasons for this.

  1. With 962,668 words published, there is a lot of content on most of the relevant subjects which is already published here. It's very easy to scroll down the list of topics on the right to get to just about every post. 
  2. In recent years the HOA has improved the newsletters and many are on the web. So there is no point in duplicating content. 
  3. All meetings of the HOA are open to all owners, and that includes the October budget meeting. Budget meetings are now regularly scheduled and discussed during the HOA annual meeting as well as during normal HOA meetings. 
  4. As a current member of the HOA board, I am restrained from what I can publish without getting prior board approval. This has had a profound impact on depth and breadth of this blog. 
  5. I do have an additional 141 posts which have not been published. Some are placeholder posts which I expand from time to time and which will eventually be published. Others are partially complete. Quite a few were not published because they became irrelevant or I considered them to be too "sensitive" for some readers. 
Comment: 

Just typing at 80 WPM would require over 200 hours to type the content of the published posts. I've also got hundreds of photos, charts and spreadsheet content. Add the research and so on, Writing articles for the HOA newsletter has been a trivial task compared to doing this blog! The difficulty with the newsletter has been getting board members "on board" and to provide articles.

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