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

Friday, June 24, 2016

Stream #1 is up and running


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A lot of of work had to be done to replace four decks with major issues. These had been built nearly 40 years ago with wooden pilings sunk into a stream. Of course, the pilings which I'm sure were not treated timber eventually rotted. The decks were removed, and treatment beneath was made to minimize water incursion. The new decks are supported on new concrete piers.

After the new decks were built we did grading of the stream bed, added a new pond lining material and crushed stone was placed on that. Water is expensive, and we don't want to waste it.

A couple of days ago an owner complained about the work. "It's taking too long." Yep, 12 rain days which means 24 if we let the saturated soil drain. Streams aren't to be up until late May. My opinion? Condominium living isn't for everyone. Neither is home ownership. Some might be best in an apartment.

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