Interesting call given in another thread our agent claims come close of books any unspent money in the capital works fund becomes unspecified surplus, i.e. money does not accumulate to any purpose.
The difference would be between unspent and unallocated funds. A smart strata manager would recommend either bringing forward some of the capital works (CW) or reducing the CW portion of the levies until such times as everything was back on track.
What owners really need to see is a list of future CW projects, how much they are likely to cost and where that money might come from – accumulated funds, special levies or strata loans.