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Fiscal-year

Critical to understand this concept as it has legal implications.

Refers to the condo | strata corporation’s registered first and last day cycle for recording financial activities and operating expenses and reserve fund expenditures in particular.

The Annual General Meeting (AGM) approved beginning and ending financial planning dates – often over two calendar years – form the basis for reserve fund planning over multiple fiscal-years.

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.