› Flat Chat Strata Forum › Levies and Unit Entitlements › special levy includes insurance and management fees?? › Current Page
02/02/2018 at 4:53 pm
#29135
Well, if there is no money left in the Admin fund, then I don’t think the SM works for nothing.
Set budgets are not always accurate. You have bad years and unexpected blow out costs.
Our budget fell short by some $6,000 this year and a special levy has been struck to cover the shortfall.
A prior committee of cheapskates who want budgets set at the low end can be a cause of chickens coming to roost down the road.
Instead of paying a bit more, they now have to pay a whole lot in one lump sum. And then they complain about it, of course!
It happens.