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Our AGM is due shortly and I have some questions that I would like to raise at the meeting. However, before the meeting I guess I should confirm that I have some facts at hand.
I cannot find in any documentation that details the interest paid on our strata funds in the bank – should this be communicated on a regular basis? If so, where should I find it? The budget estimate details bank fees and sundries but I can’t find any reference to income from interest.
Is there a fixed or usual percentage split of levy payments between admin and sinking funds?
Many thanks,
Dudley
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