Memo from Strata manager to treasurer:
Mate, you’ve got all these bills coming in and there’s not enough in the kitty. You’re going to have to default on some, pay interest on them or strike a special levy.
Reply from Treasurer to SM:
A special levy? The owners will have my guts for garters. I thought we had that all covered in this year’s budget.
SM to Treasurer:
We had, but the job was completed early and the levies money hasn’t come in yet.
Treasurer to SM:
How about if I loan the money to the strata scheme and you pay it back when the money comes in?
SM to Treasurer:
Do you trust me that much?
Treasurer to SM
No, but if you dud me I’ll write to Flat Chat.
SM to Treasurer:
Send the $10k. Your money is safe with me. I’ll pay you back as soon as the levies come in.