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Our (NSW) Strata Manager, while providing a summary of Income and expenditure (in accordance with the Act) has however only over several years provided a summary of transactions (cheques drawn) to ONE of the many expense accounts (which was an incidental expense) and “NOTHING” for any of the revenue accounts. This I considered was irregular.
It is my view that ALL expense accounts should have the related transaction information detailed. (Cheques drawn details) I view it as potentially sloppy admin and worse that the Executive Committee has not thought it important to bring u. I have raised it with the EC.
Am I correct about this ?
In relation to the Revenue Account, I believe that they also should be provided.
The revenue account I consider should likely be in the form of a schedule of contributions per unit, so as to identify any lot that is in arrears at the date of the accounts preparation. Am I correct about this ?
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