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

Sunday, December 30, 2018

Wheaton - The best place to live in Illinois



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"This is the best place to live in every state" - for Illinois, the best community with a population greater than 50,000 is Wheaton.

 http://time.com/money/5479244/this-is-the-best-place-to-live-in-every-state/


"Every year, MONEY ranks the Best Places to Live in the U.S. Because of the criteria considered, some states end up being represented more than once—and others not at all. Now, using data from that ranking, we crunched the numbers to find the best place to live in every state. As in our previous rankings, we considered everything from the cost of buying a home to median household income. The results surfaced favorite stand-bys, well-known cities, and plenty of hidden gems."

Wheaton, Illinois
Population: 53,921
Median Household Income: $95,148
Median Home Listing Price: $469,000

Founded by a group of abolitionists in the 1850s and home to the Wheaton Flag antislavery newspaper, this safe, well-educated suburb of Chicago has a rich history readily discovered at the DuPage County Historical Museum, founded by John Quincy Adams—a distant relative to the president of the same name—in 1891. Take a horse-drawn carriage ride along lively Downtown Wheaton, stopping at The Little Popcorn Store, a 1920s landmark building just 49 inches wide. Forego the Lincoln Park Zoo in Chicago and head to Wheaton’s Cosley Zoo to learn about species native to Illinois. Though median home sale prices in the first quarter of 2018 were around $350,000, the median family income comes in at $119,232."



Posted by Norm R at 12:52 PM
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1 comment:

  1. UnknownDecember 30, 2018 at 1:12 PM

    Yes the Republicans have done an excellent job of running the city for many years. Let's hope they can continue to do so in light of losing our Republican representative of 11 years to a Democratic.

    ReplyDelete

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