OK, so the strata manager is basing his levies calcualtion on what he was told rather than what he could have discovered if he had bothered to read the minutes? Right?
Given that it’s almost impossible to repay cash back to owners unless there is a unanimous decision to do so, the easiest way to correct this is to absorb it over the year.
And the easiest way to do that is to revert to last year’s levies for two quarters, and then increase them in the final quarter to make up any shortfall.
Right now you should be getting bills for 103% of last year’s levies, which billed quarterly, amount to 25.75 % per quarter. Instead you have been charged 105% of last year’s levies @ 26.25%.
If the SM issues levies notices for exactly the same amount as last year for the next quarter, that would give them time to recalculate on the basis of splitting the difference (25.875% of the previous year’s levies) for the last two levies.
This may make their brain hurt (I know it does mine) but then it’s probably preferable to the alternative, which would be having their contract terminated for not doing their job properly to begin with.