Keeping the stash in the cupboard

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  • This topic has 16 replies, 9 voices, and was last updated 12 years ago by .
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  • 03/05/2013 at 3:45 pm #8813 Reply | Quote
    tracer

      Our lovely EC intend to impose a large special levy on the humble owners in our building. We don’t disagree with the purpose of the levy (building repairs) – however there is a significant amount of unallocated money sitting in our current sinking fund.

      Suspect the EC wish to keep these funds for some pet cosmetic projects they are always gabbling about.

      Anyways, I understood that uncommitted funds in both the sinking and admin funds must be taken into account with a special levy only used to make up the shortfall. We live in NSW.

      Searching the SSMA, I can find no reference. Please, can anyone advise?Confused

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    Reply To: Reply #18412 in Keeping the stash in the cupboard
    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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