Capital Works Budget

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  • 15/05/2018 at 12:37 pm #9197 Reply | Quote
    ficitonarchitect
    Flatchatter

      We recently received the minutes for our upcoming AGM. In the budget and proposed capital levy for next year, the strata manager has but $20K (total, to be split between the 6 units). We had high capital budgets the last few years due to some upgrade works but nothing planned for the next year.

      Can I vote to have this amount reduced, or is there a minimum amount a strata must hold in their capital funds?

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    Reply To: Capital Works Budget
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