Reply To: Can committee mix and match payments from different funds?

So I think the capital fund was used to pay for outstanding invoices that were administrative. It was masked as having been for damage to a large expense asset. Our insurance claim should have covered the expense, but instead covered other expenses.

It frustrates me to no end that this probably has been happening for a while. I only noticed the latest anomaly as I have been really scrutinising the spending and balances.

I am for full transparency, even if I don’t like what I hear or see. How can you learn for the next year if the strata manager is playing with the books and doesn’t think to tell the Executive Committee. How do you budget or forecast? What about eventually actually needing what was in the capital fund.

What’s worse is that they try to pull some bogus gibberish, citing some part of the act, hoping that I will buy the story when I question them about the situation. I waste my time looking for whether they are telling the truth, trying to understand legal speak, and bothering you kind people with my concerns.

In any event, bless the people on this forum for taking the time to help.

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