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Annual Regular Contributions

The annual regular contributions to the reserve fund from the condo | strata corporation’s total collected strata fees.

Typically agreed to as part of the Annual General Meeting (AGM)’s budget process vote.

May lead to retroactive monthly assessment adjustments on an entitlement basis, if the AGM was after the fiscal-year-end date.

The total amount is computed to somewhat synchronise with the moving target of future reserve requirements.

The determination of regular contributions factors in inflation, interest, transfers, borrowings and expenditures on a fiscal-year basis.

About Author: Jean-François

With experience gained in construction, project management, field reviews, inspections, report writing and as strata president, J.-F. has cross-industry expertise guaranteeing that you will participate in a process geared to improving the corporation's finances and to setting the condo | strata board | council's planning to stand the test-of-time.