My latest electric bill shows that I used 2106 KWH at a cost of $234.03 for June. That's $0.11 per KWH. If you research http://www.powertochoose.org/, you will find every provider now charging $0.158 and up to $0.271 per KWH. These rates change daily with the price of oil. Even at the lowest rate that would have increased my bill to $333. At the highest rate it would have been $571. My year with YEP is up in January. I can just imagine what the bills will be next summer.
The May balance sheet supplied by Johnson and Cate shows that the association has gone further into the red since the start of the year. We started the year with a negative equity of $4,598.57. We are now at a negative $13,459.39. This does not include all the painting and roofing of the buildings, but we were $101,711.11 over budget for "Capital Repairs & Maint-Building" for the month. On the plus side, we were $789.49 under budget for water for the month. It is difficult to determine how we are doing on only a one statement. I'm sure it will all work out at the end of the year. Justin has said that he will give owners an update on the savings that we have had on the roofing and painting.