Tag Archives: finances

Collection Efforts Result in More Payments

Seems the new collection process is working. The graph below shows the # of individuals who have made payments arrangements and/or payments on their maintenance and/or assessment balances in arrears and shows incredible growth over the last six months. Continue reading

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Working Smarter Realizes $100k in Savings

Savings!As our building continues to experience financial concerns along with the rest of the market, our management have been working hard to review each and every expense, contract and service we utilize in order to squeeze out as much savings as possible. A compilation of these projected savings has been put together by our building manager to share with you.

At a first look (Thanks to Sharon and Fabie for providing this data!) we can see just over $100,000 in savings on projects, contracts and services. The hard work our new Engineer Ariel can be seen clearly through many line items where we were outsourcing service instead of performing them ourselves. Renegotiation of contracts also allows us to realize significant savings as well. Continue reading

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Assessment Update for June 29, 2008

The finance committee and our Association Board have been busy working away at projects in our building – and the latest update on our Assessment related expenses has been provided for you.

To view the report, click here or right click to download. Continue reading

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