The most common question buyers ask is What is the body corporate sinking fund balance? What does that really tell you though? A big figure is good, a small one bad? It’s too simple a measure without some context. A clearer question is how much do we have and how much do we need? This article is about how […]
posted on October 7, 2015 by
How A Body Corporate Budget is Set and Changed
I recently received the following excellent question from Frank: I’ve just bought a unit and am confused about the budget-setting that you mentioned. Who sets the proposed budget for the AGM? The committee? he treasurer? The body corporate manager? And what if the meeting wanted to increase the proposed budget by, say, 15% because of some […]
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