› Flat Chat Strata Forum › The Professionals › Transfer money between admin and capital works funds › Current Page
04/09/2023 at 5:50 pm
#70040
There is another way which I have used.
convene a general meeting.
first motion is to raise a special levy of $x for say the capital works fund payable in 30 days
second motion says if motion 1 is approved, $x from the admin fund is returned to the owners in 30 days.
second motion cancels out first. No money changes hands and one fund balance decreases and the other increases