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, July 12, 2017

Some welcome rainfall - but flash flood warnings!

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We've gotten about 1.7 inches of rainfall in the past hour, according to the National Weather Service. We are on the edge of this storm:

Rainfall totals
Current conditions "Wet":

Rain at 10:17am

According to the NWS, issued about 10:15am:

"The National Weather Service in Chicago has issued a

* Flash Flood Warning for...
Northern Kendall County in northeastern Illinois...
Northwestern Will County in northeastern Illinois...
Kane County in northeastern Illinois...
DuPage County in northeastern Illinois...
Northeastern Cook County in northeastern Illinois...

* Until 415 PM CDT Wednesday

* At 1013 AM CDT, Doppler radar indicated thunderstorms producing
heavy rain across the warned area. Around one inch of rain has
already fallen. Additional rainfall amounts of one to two inches
are possible in the warned area. Flash flooding is expected to
begin shortly.

* Some locations that will experience flooding include...
Chicago, Aurora, Naperville, Cicero, Evanston, Bolingbrook, Skokie,
Des Plaines, Oak Lawn, Berwyn, Wheaton, Oak Park, Downers Grove,
Elmhurst, Lombard, Carol Stream, Romeoville, Plainfield, Park Ridge
and Calumet City.
Including the following interstates...
I-55 between mile markers 265 and 294.
I-57 between mile markers 352 and 358.
I-88 between mile markers 102 and 140.
I-94 between mile markers 39 and 70.
I-290 between mile markers 12 and 29.
I-294 between mile markers 39 and 70.
I-355 between mile markers 10 and 26.
Turn around, don`t drown when encountering flooded roads. Most flood
deaths occur in vehicles."

What's coming?

Here's a radar image about 10:00am. More rain on the way! But Lake County has gotten the brunt of this storm. We'll probably get about 2.5 inches of rain, or so. Not to worry!
NOAA/NWS Radar Image - Precipitation,


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