› Flat Chat Strata Forum › Levies and Unit Entitlements › Special levy alternative › Current Page
14/08/2022 at 1:39 pm
#64704
I am not sure what the problem is here. The AGM is coming up. A budget will be approved. Levies will be decided. I am in the ACT so some nuance of our legislation might be different. However, when the underlying balance of our Admin fund has been a bit low, we have simply decided a levy that was enough to cover the budgeted expenses plus a bit more to get the balance back to a healthy level. Conversely, when we have sometimes left levies the same as the previous year even when the budget has increased a bit because we had a more than ample end of year balance.