EC Spending

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  • 16/04/2012 at 4:15 pm #8078 Reply | Quote
    basjan27
    Flatchatter

      Hi..

      Several members of the OC have recently found out that our Admin fund is seriously in deficit.  There are funds in our Sinking fund that would just cover the deficit. 

      The EC refuses to respond to our enquiries (through the SM) about how the deficit will be recouped (it exceeds the Admin levies for the entire year), how it was caused and whether they will call a special levy to pay for it.

      Is there any way we can require the EC to provide the OC with information regarding our finances?  Can they continue to pay admin costs out of a fund that is in deficit?  Can they borrow from the Sinking fund without the approval of the OC?

      Thanks

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    Reply To: EC Spending
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