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

Thursday, June 28, 2018

Stream and Waterfall #1 Repairs


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Our association is 40 years old, and so we have some real infrastructure problems to deal with. In the last eight years, we've addressed many issues on the property and are actually ahead of the curve. I know because I've served as Maintenance Director, Architectural & Projects Director and as President. I've dealt with every possible type of problem in the last eight years.

An unusually wet spring has created some havoc with projects. However, I did submit my preliminary list for 2018 to the board in December 2017 and so we were able to get bids and let contracts in March-May. So, while the weather is creating issues, we are actually on track to complete all of the major projects my mid-July. "Weather permitting" that is.

Currently, projects underway include:
  1. Repair curbs and concrete basins in one street.
  2. Replace asphalt on two streets.
  3. Repair a waterfall basin and portions of one stream.
  4. Replace a failed section of another stream.
  5. Replace shrubs which have been attacked and killed by the Viburnum Leaf Beetle. 
  6. Complete drainage improvements related to the repairs of one waterfall basin. 
  7. Replace three 4-car garage floors.
  8. Complete a gazebo replacement project. 
  9. Replace a 4-car garage driveway and adjacent asphalt, severely damaged by a water main failure.
  10. Replace a walk damaged by the water main failure.
  11. etc.
Here are a few photos.

Working on the waterfall overlay


Architectural wall  being installed behind the waterfall. 

The above stream is back in operation. 

Signage is up for the street repairs on two cul-de-sac. This too was delayed by weather a couple of days. Owners at each address are given updates which are posted in each building entry. Currently three notices are up!


We've got a great team. Board, management and contractors all working together. Is it perfect? Nope. Should it be? Nope.



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