Question: Our body corporate manager has paid an admin cost out of our sinking fund. What is the best course of action, as requests to the Body Corporate manager appear to be ignored?
Our body corporate manager has paid an admin cost out of our sinking fund and this has not been rectified. We are only a smaller entity of 37 Lots. Most expenses are for gardening.
This amount paid in error was not budgeted for in last year’s figures so upsets both admin and sinking fund budgets. It amounts to one third of our costs.
What is the best course of action, as requests to the Body Corporate manager appear to be ignored.
Answer: A motion should be prepared at general meeting to correct the funding issues. This should extend to replenishing the sinking fund for the expended funds through future levies.
A motion should be prepared at general meeting to correct the funding issues. This should extend to replenishing the sinking fund for the expended funds through future levies. Ideally, the committee would arrange for the motion but an owner also has the ability to prepare the motion and submit it at the next general meeting.
This post appears in Strata News #461.
Todd Garsden Mahoneys E: tgarsden@mahoneys.com.au P: 07 3007 3753