› Flat Chat Strata Forum › Levies and Unit Entitlements › Varying a Sinking Fund Levy › Current Page
I assume you have found that the maintenance cost for something is likely to be less than expected when your sinking fund plan was adopted.
[You do have a sinking fund plan, don’t you?]
Why not just stick with the agreed levies for this year? Then next year, in the light of the new information, the AGM can pass a resolution to amend the sinking fund plan. Part of that amended plan would be a revised schedule of anticipated levies for each of the remaining years of the plan.
The money from this year’s contribution would not be lost. It can just sit in an interest-bearing account and slightly lower levies will be required in each of the next several years.