I too asked for a detail Financial report from the SM was told I had to go through the SC, or it would cost $34.00 to obtain a copy. The on-site rental service who was awarded a Residential and Maintenance Contract (RM) worth $250,000 over ten years was never approved by the OC and was a member of the SC made up of 4 and rental service being 2 of that committee, ( the Rental Service and family has purchases 10 of the units so far out of 32)
The reason for my request, the budget each year has been blindly approved by the OC does not show a separate item for the payment to RM but is included in the maintenance budget.
I have requested many times for the maintenance and the monthly payment to the RM be separated however has been outvoted each time.
Of the maintenance budget, only 18% is actually spent on maintenance and 82% paid to RM. At first sight of the budget, owners or new buyers are lead to believe all of the budget is spent on the common property whereas the bulk is paid to the RM.
Our levies are extremely high because of the subsidizing of an unnecessary RM
My question is do you believe not reporting the payment to the RM accurately and separately is a breach of the Strata ACT?
I will also add the Strata Manager condone this report and also when a request for a #184 form by a potential buyer the question on the form Does the property have a Residential Manager they answered NO.