V o lu me T h i rt y F o ur , N umber 1
Januar y - Februar y 2020
Beaumont revises long-term capital budget plan to address current and future needs
Text and photo by Lynn Ayres
An Operational Budget addresses ongoing, shortterm revenues and expenses. A Capital Budget addresses long-term expenditures for specific projects. 2016 EVALUATION: Our community was built over 30 years ago. As all homeowners know, by this time major repairs and replacements are needed. To that end, with the help of consultant zumBrunnen, Beaumont re-evaluated its capital budget and developed 10and 20-year plans which would put $41 million into renewal, enhancement and preventive maintenance projects. At this time, capital projects costing $26 million over the next 10 years would replace the exterior layer of the building envelope with vinyl siding. In addition, the plan would replace windows, doors, gutters, attic insulation, all HVAC systems, common-area kitchen equipment and probably the campus-wide generator. It would also be used to improve common-area interiors; install new emergency call systems; and enhance landscaping. After three years of the 10-year plan, a good deal has been accomplished. However, some of the most critical and costly items remain.
QUESTION & ANSWER time with Funding Committee members (from left to right) CEO Joe Peduzzi and residents Gerry Isom, Jim Zug and Jamie Bromley. Initially, the cost of implementation was to be by means of a special capital assessment flat fee of $350 per unit each month, in addition to each unit’s regular monthly fee—with the possibility of an additional increase in the capital assessment fee of about $100 per unit each month, for a total of $450, at some unspecified time in the future.
BUDGET continued on page 11
Residents display impressive talent, skill and imagination
Text and photos by Linda Madeira
In December, the 2019 Resident Art Show filled the Beaumont Room with an exciting display of talent. It was not a contest; the show was a chance to share interests. Twenty-seven residents participated— and no one was late in joining the show! Media included oil, watercolor, pencil (both colored and charcoal), needle work (embroidery, needlepoint, crochet), photography, shell art, computer design,
A CLOSER VIEW is needed to fully admire the details of Grace Madeira’s “ Leaving Boston Harbor—Sailor's Valentine” shell art.
ART SHOW continued on page 6