#65711
Sir Humphrey
Strataguru

    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.