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

Winter Tips - Coming Eventually to Our Residents and Owners


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Hint: Clicking on the image below will open it in "full screen" mode. Using your browser "zoom" feature you can enlarge it. I uploaded a better version which is quite readable. This is the November, 2017 version:



It is my understanding that the Board elected in September has decided to abandon the newsletter.  I'll explain.  I sent a copy of the Winter Tips to the board member who made a request for the template for the newsletter. I created a new, simpler one for her. I also sent the Winter Tips and reminded that these are sent to residents and owners before winter sets in.

Apparently, this is too much of a work load for the new board. So it was decided during the November 8 meeting, after missing the publishing of the September-October Newsletter to simply reduce the number of newsletters per year from six to four.  Voila' problem is solved.

I can assure the reader that I spent more time setting up the templates, sending several emails to the new board, etc. for the purpose of getting a newsletter to the residents and owners than the current board did. This is precisely why I am no longer on the board. Far too many 'do little' or 'do nothing' people out there, and I've re-evaluated where to put my considerable talents. Certainly, no longer will I cover the butts of the 'do nothings'.

An abridged version of the "Winter Tips" will eventually get to owners, probably with their December fee invoice. I understand it has been modified by one board member because it was "too wordy."

Ok, so a single board member (who has about one years experience) made this decision, and didn't send or provide the new text to the other board members before this decision was made. Hmmm, sounds like we are back to the old autocracy where one rules and the rest do whatever pleases them, assuming they can get it past the "pod queen".

Before the old Winter Tips vanish from the face of the earth, I'm putting a copy here.



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