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

Saturday, November 10, 2018

Running Offense, Defense and Cleanup


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After 10 years of involvement, deep involvement in this association, I can say that I left nothing on the table. I knew the problems after several years of research. I knew what needed to be done because of my years of experience. I also knew how to deal with adversity, and win.

More than a few attempted to stop where I was leading this association, but I was able to recruit three in eight years who did their best, put their personal agendas to the side, and really did what they could. As for the others, they operated somewhere between "personal agenda" first, "do nothing" second or "get in the way" third.





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