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: Reply #20288 in Capital Works Budget
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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