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, January 12, 2018

January HOA Meeting Cancelled


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January 11, 2019:

"The National Weather Service has also issued a Winter Weather Advisory starting at 6 p.m. Thursday until midnight. The advisory is for the counties of Kane, DuPage, Cook, Will, Kendall, Lake and Grundy. According to the NWS, "the brief period of freezing rain, along with crashing temperatures and wet roadways, will likely create hazardous travel conditions on untreated roads this evening." "The best advice is stay home," Meteorologist Edward Fenelon told the Herald-News. Local police were also warning drivers to use caution as temperatures plummeted."

Some local activities were cancelled. The Theosophical Society cancelled all events for the evening. The BLMH association meeting scheduled for 7-9pm was also cancelled.

The weather was to worsen from 6pm with freezing rain and a combination of rain and ice pellets and ice pellets. Snow was predicted after 9pm.

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