#70040
kaindub
Flatchatter

    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