Should the cost of a sinking fund forecast be paid from the sinking fund or the admin fund?
As long as the payment allocations are consistent, in line with the budget and make sense to owners.
Reports like this are usually budgeted into and paid for from the admin fund.
However, it is not an absolute rule. You may hear differing opinions on allocations to each fund if you speak to different managers. There’s a certain logic in paying for the sinking fund report from the sinking fund.
The key thing is that payments are allocated consistently, align with the budget, and make sense to owners.
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Will Marquand joined the Tower team as a General Manager and Senior Strata manager in 2020. He has widespread experience across all forms of commercial, industrial and residential schemes. He believes in proactive, ethical strata management and hopes to provide Tower’s customers with the knowledge and support required to take their schemes forward into the next generation of body corporate management. Will has experience working across residential, commercial and industrial schemes. A former journalist and teacher, Will's excellent communication skills help Tower grow its expanding business. William is a regular contributor to LookUpStrata.
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