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, September 13, 2018

Hurricane Florence


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Florence - Update Sept. 14, 2018 8:29PM EDT from Davidson, NC, received via email:
"Florence is huge. It is hanging over Wilmington, 200 miles away. The rain bands from Florence reached Davidson this afternoon. The wind is picking up. It is starting to rain outside. The rain will start in earnest after midnight and continue through Monday night. Three days. [My spouse] and I have been through many hurricanes in our life. The worst was Hugo in 1989. We thought we were safe in Charlotte, but not so!! They eye passed over our house and lake house. So much devastation. They took 300,000 dump truck loads of debris out of Charlotte. We are ready for this one. We live on a hill (on purpose) and there are no big trees nearby. We have plenty of supplies. Our Roadtrek is topped up with gas, water, and propane. Batteries fully charged. If we loose power we have a second home in the driveway. And we can run our house refrigerator off the Roadtrek generator if we need to. Our real concern is for the folks down on the coast. They will need help when the storm is gone. [We] worked on seven houses with Habitat in Biloxi after Katrina. We will see what we can do this time......"   

Original Post, Sept. 13, 2018:
Our weather will be fine for a few days, but for those in the path of hurricane Florence the next few days will be difficult. For some the difficultites will last for weeks. I hope everyone stays safe on the east coast.   There are a few people living right at the ocean, in the track area who intend to ride it out. I've experienced hurricanes; the actual storm, under the eye, and even the aftermath.  I don't think riding these things out is a smart idea.


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