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, May 8, 2019

Meeting Agenda - May 9, 2019


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I did receive a response from management pertaining to my emailed request to have the May 9 meeting agenda posted on the official HOA website. The agenda was posted a few minutes ago. Here's a copy:

BRIARCLIFFE LAKES MANOR HOMES CONDOMINIUM ASSOCIATION BOARD MEETING AGENDA
May 9, 2019
Wheaton Community Center, 1777 S. Blanchard
7:00 pm

I. Approval of the April 11, 2019 Meeting Minutes

II. Treasurer's Report 

III. Work Orders

IV. Sales Report

V. Correspondence
        a. 4 items, from owners concerning landscaping

VI. Old Business
        a. Fireplace legal lawsuit (email from Former President to HO)
        b. Comcast inspection (in packet)
        c. Truss updates (pending)

VII. New Business (action items)
        a. 2019 carpet cleaning proposals
        b. Tenant (renter resolution) 

VIII. Committee Reports
        a. Rules & Regulations 
        b. Architectural & Maintenance
        c. Newsletter
        d. Landscaping 
        e. Welcome

IX. Homeowners' Comments
X. Executive Session
XI. Adjournment

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