› Flat Chat Strata Forum › Levies and Unit Entitlements › Transfer of surplus admin funds to underfunded Capital Works funds…. › Current Page
If the AGM is not too far away, just propose an admin fund levy which is much less than the admin fund budget. Also propose a capital works levy which is correspondingly higher so that overall this year’s levies are not very different from last years. If you worry that part of that might fail, put it all into one budget and levies motion.
[One year we had a rather forceful committee member who seemed to think it was somehow improper for an AGM motion to include the word ‘and’. So we had six motions: three budget motions, one for each of a special purpose fund, the admin fund and the sinking fund and then a further three levy motions. The next year I made a point (as treasurer) of proposing the whole lot in a single motion.]