Maint fee increase

  • This topic is empty.
  • Post
    tchesne
    Participant
    What are the main reasons for the modest increase in the Maintenance fee going forward for the proposed budget.
Viewing 3 reply threads
  • Replies
      kris02420
      Participant
      @tchesne wrote:

      What are the main reasons for the modest increase in the Maintenance fee going forward for the proposed budget.

      Where did you get this info ?

      dljs1941
      Participant
      The fee increases are noted at the bottom of the Proposed Budget for 2020/2021 fiscal year. The Proposed Budget is part of the 2020 Convocation document.

      NOTES:
      (1) Proposed Budget includes an increase in Maintenance fees of 1.5%
      Current Maintenance Fees: Superior – $654, Deluxe – $772, and Royal – $899
      Proposed new Maintenance Fees: Superior – $664, Deluxe – $784 and Royal – $912[/i][/i]

      Kandy
      Keymaster
      @tchesne wrote:

      What are the main reasons for the modest increase in the Maintenance fee going forward for the proposed budget.

      Historically, Aruba has a 3 to 4% yearly COL increase, so we have to adjust our personnel remuneration accordingly every year. (Our Personnel expenses also include performance appraisal bonuses and many other social benefits such as a pension and insurance plan, etc.). But this COL increase/decrease is not only Personnel costs (over 50% of our budget), but it also effects everything on the island:utilities, gasoline, gas, government services, contracting services, etc.
      In addition, we have to plan for possible changes in shipping and other importation costs to Aruba (changes in tariffs, duties,etc.) All of the above require realistic planning during ABCR’s yearly budgeting process, most especially since our membership has to approve our budgets a year or more in advance. We have to try to meet our planned expenditures with a corresponding income on a yearly basis as we, a Cooperative, are a non-profit organization. The above means that our Maintenance Dues, etc.
      must be raised- or hopefully lowered- to meet the levels necessary as we should not end a fiscal year with a loss or deficit.
      Rene David Levy Maduro
      Treasurer ABCR Board of Directors

      pgiroaurd
      Participant
      In light of the financial impact of the virus, I strongly urge the Board
      to reconsider an increase to the maintenance fee in 2020. Members
      will be paying the third year of the refurbishment this year and many
      units have yet to be scheduled for the upgrade.
      P Girouard
      P Girouard
Viewing 3 reply threads
  • You must be logged in to reply to this topic.
Report Issue