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, February 28, 2017

Illinois ranking among the States "US News and World Report"


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Illinois isn't all that bad a State to live in. US News and World Report came out with the rankings for the 50 states. Here are some interesting facts about Illinois, according to the report. However, it is important to realize that nearly 40% of the population of the state lives in Cook County and Chicago. Cook County has an estimated 5,194,675 residents and the state overall is estimated to have a population of 12,837,801. Because of the influence of Cook County on the rest of the state, I decided to include a few additional statistics here.

To provide additional insights, here are a few statistics comparing Cook County and adjacent DuPage County. The data is from 2014 or 2015, unless noted:

Population:
Cook County: 5,246,456; DuPage County: 932,708

Median household income:
State: $59,588, Cook County: $56,851, DuPage County: $81,559

Estimated median house or condo value:
State: $180,300, Cook County: $230,900, DuPage County:$293,500

Percentage of Residents living in poverty:
State: 13.6%, Cook County: 16.1%, DuPage County: 7.1% .

General Health Status of Residents (rated 1 = poor to 5 = excellent):
Cook County: 3.5 , DuPage County: 3.7

Education, People 25 years of age or older with a high school degree or higher:
Cook County: 77.7% , DuPage County: 90.0%

Education, People 25 years of age or older with a bachelor's degree or higher:
Cook County: 28.0%, DuPage County: 41.7%

Homicide Deaths per 1,000,000 population (1999-2006):
Firearm - Cook County: 99.3,   DuPage County: 7.9.
Other - Cook County:  34.5 ,    DuPage County:  6.1


US News and World Report
Here are a few statistics about Illinois. It's overall rating would be higher, but "government" knocks it down quite a bit. "In addition to health care and education, the metrics take into account a state’s economy, the opportunity it offers people, its roads, bridges, internet and other infrastructure, its public safety and the integrity and health of state government."

  • Illinois is rated #29 overall of 50 states.
  • Health care affordability is #17.
  • Pre- K-12 it is rated #10 in education.
  • 41% are College educated.
  • Health care quality is #42
  • Opportunity is #19
  • Affordability is #21
  • Equality is #21
  • Business environment is #20
  • Employment is #39
  • Government - National Rank #47
  • Fiscal Stability #50
  • Government Budget Balancing #41
  • Government Credit Rating #48
  • Pension Fund Liability #46


For the original article at US News and World report, go to this link:

https://www.usnews.com/news/best-states/rankings


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