Cohousing-L Mailing List: Re: Budget Surplus

[Nancy Morehouse (nmorehouse]

At Wolf Creek Lodge Grass Valley, CA ,we have had surplus funds from our 
opening day as Katie, our developer, advised everyone to pay our initial dues 
payment as 2 months worth.  We did not raise our dues for 10 years because we 
never spent more than we predicted so we kept having surpluses.  Our Surplus 
dues eventually went into a separate account at the bank. Our budget 9 years in 
was negative for the first time and we raised our dues the next year.  We still 
have a surplus account but it is diminishing rapidly despite raising our dues 
for the past 3 years.  (We are anticipating a bill for State-financed fire and 
property/liability for 10 times our budgeted amount since our carrier no longer 
writes those policies in the state!)
Nancy Morehouse

> On Aug 22, 2024, at 1:58 PM, Stuart Selig <stuart.selig [at] gmail.com> wrote:
> 
> Hi, Folks. How are unspent contingency funds from annual budgets handled?
> Are they rolled into next year's operating budget, dispersed back to the
> community, or used to fund other projects?
> 
> Thanks.
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