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, August 22, 2018

Winter weather predictions 2019


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The Old Farmers Almanac has released the weather predictions for winter 2019.

"This winter, we expect to see above-normal temperatures almost everywhere in the United States, except in the Southwest, where we're predicting a colder-than-normal season......Our milder-than-normal forecast is due to a decrease in solar activity and the expected arrival of a weak El NiƱo, which will prevent cold air masses from lingering in the North."

For Illinois the Almanac predicts less snow and more rain.

The problem is, this could mean a see-saw winter with frequent temperature changes from below freezing, to above and then back to below. That means more ice! It could be an interesting winter!

I personally prefer winter temperatures consistently in the "mild" below freezing range of 14F to 30F.

Here's a link to the regional weather forecast in the Almanac:

https://www.almanac.com/weather/longrange/region/us/6


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