› Flat Chat Strata Forum › Strata Committees › Admin Fund in Deficit › Current Page
Thank you to those who have replied, your replies have been most helpful.
I have become involved this year but not as Treasurer. Even if I am not the Treasurer am I able to request a copy of the detailed expenses?
I was also interested to read the comment “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…” Am I correct in assuming that if we have some large unexpected repair bills we could have the money come out of the sinking fund? That would at least stop the admin fund from going into the red even more. Our sinking fund looks quite healthy.