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How much the committee does and how much is delegated to a manager can vary from one place to another. Where some or all of the functions of the office holders are delegated to a manager, the duty of the office holder is to satisfy themselves that those functions are being carried out properly. For example, as a treasurer, I don’t have to do the banking, liaising with auditors or keep the accounts but I do regularly look over the accounts on-line to make sure that various expenses have been charged against the correct lines of the budget and that there is no income or expenditure that differs from what I expected. I prepare a draft budget for the committee to consider before it recommends it to the AGM for approval but I know that many places leave that to the managing agent as well.