#13632

Hi All,

Could I suggest that if this is occurring and you are concerned by it, get involved and sort it out. A simple start is getting elected as the treasurer. As the treasurer you should be able to get monthly financial reporting from your strata manager (or real time accounting on any given day). Ask for a copy of the budget and chart of accounts. Request that all invoices (either contractual works, eg, cleaning, gardening, electricity, water etc, or the invoices for repairs/maintenance, those irregular accounts). Once you have these you can than code the invoices as you require. Your strata manager should be happy enough to allow this to occur.

The big issue I see is the payment of repair invoices out of the admin fund… Which if you look at the strictest interpretation of the act, is not how it was intended…

Strata accounting is typically (or should be) some of the simplest accounting!