2008 was a good year for the MIA in managing expenses and income. The Board didn't need to dip into the contingency fund for any major, unplanned expenses. Almost all homeowners' dues were paid in full with the exception of 11 households. In addition to $9,000 accrued for capital expenditures, the $2,758.78 surplus was transferred to the asset contingency account. The budget for 2009 looks much like 2008 and the Board continues to be fiscally responsible under the leadership of our treasurer, Tully Williams.
For a detailed breakdown of income and expenses for 2008, including the detailed 2009 budget, please see the March 2009 newsletter.