How full should strata financial reports be?

› Forums › The Professionals › SCs and strata managers › Current Page

Create New Reply

Tagged: 

  • Creator
    Topic
  • 06/05/2019 at 3:49 pm #37369 Reply | Quote
    TrulEConcerned
    Flatchatter

      Hi,

      I asked the strata scheme’s Managing Agent for the latest quarterly report on the strata’s finances. Amongst the papers I was sent was one with a column  listing “Levies Due”.

      I don’t want to embarrass the Managing Agent, but having studied accounting I know pretty darn well that such a document without a corresponding column of “Levies Paid” or “Levies Received” is meaningless at best.

      After all, “Levies Due” does not reveal who if anyone is in arrears.

      A lot balance report of all lots was not sent either.

      My question is: is the Managing Agent compelled to send me meaningful data? Must he send me what I ask for if I am sepecific? Or can he merely act as the SC’s puppet and send drivel?

      Please advise.

    • Creator
      Topic
    Reply To: Reply #37374 in How full should strata financial reports be?
    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.

    You can use BBCodes to format your content.
    Your account can't use all available BBCodes, they will be stripped before saving.

    Your information:




    › Forums › The Professionals › SCs and strata managers › Current Page