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, January 18, 2017

A little entertainment - dealing with idiots




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Here's a recent comment interchange; Of course, the person who commented as "Anonymous" could be in Moscow. However I prefer to take this comment as authentic and from someone living at BLMH,

Anonymous Anonymous said...
Norman, you remind me of the president elect, you like to hear yourself talk and think that this HOA would fail if you were not on the board. And give the 2008 board issue a rest.. My god man, hold a grudge much...
January 17, 2017 at 2:46 PM
"Anonymous January 17, 2016 at 2:46 PM" Here is my response:
You are an idiot. The 2008 board told owners "we have enough money" and authorized a reserve study. When the numbers came in they said "What are we going to do" and I know, because I was there. That's what idiots do. They promote a position and then when the shit hits the fan and they are to be held accountable, they walk. The board of 2008 didn't walk, they RAN to the exits. 
January 18, 2017 at 7:39 PM
"Anonymous January 17, 2016 at 2:46 PM" Continuing my response:
If you are willing to stand behind your convictions and opinions then you should stand behind them. We have an open position on the board. I say to you "Go for it." I also suggest you publish your identity, but you won't. Cowards and bullshit artists never do. Or you can send me a private email. But you won't because you are are a stupid low life. As I said, you are an idiot. Prove me wrong.
January 18, 2017 at 7:53 PM

1 comment:

  1. Norman, typical loser, calling people names...You lived here for many years before the revolt, yet you had your head up your ass, until we woke you up. Maybe we shouldn't have. Carry on Norman.

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