› Flat Chat Strata Forum › Finance, budgeting and loans › Are SMs required to provide access to the financial ledger (ACT)? › Current Page
Many of the Treasurer’s functions (s.43 UTMA) can be delegated to a managing agent on a day to day basis but the Treasurer is still responsible to see that those functions are carried out properly. I don’t see how that would be possible without access to financial reports. More than a decade ago all of our EC members had access to financial records via our managing agent’s website and could create reports on demand and automatically.
A strata manager has to give EC members access to records. Doing that electronically will save them a lot of bother compared with producing paper records! I would simply let any prospective manager know that EC access to on-line financial records is an essential criterion for you when selecting a manager.