Limits on Executive Committee spending without OC approval.

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  • 13/06/2014 at 2:07 pm #9540 Reply | Quote
    Costa
    Flatchatter

      In the past our Strata had a limit on what the Executive Committe could spend without approval which I believe can be set under the Strata Titles Act Section 21 (2).

      At our Annual General Meeting recently, a limit was argued against by the majority and now we don’t have one. Things were said such as ‘ten grand doesn’t go very far these days’ and it was thought emergency plumbing repairs might be held up, for example, by having a limit on spending as a General Meeting would be needed to get something like a sewerage leak fixed.

      I am uncomfortable about this generally, but particularly as we have a couple of big Common Property refurbishment projects coming up and a series of, in my view, frivolous Executive Committee ‘pet projects’ carried out recently.

      What to do?

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    Reply To: Reply #21725 in Limits on Executive Committee spending without OC approval.
    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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