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Recommended Regular Contributions

Provided depreciation report’s recommended next fiscal-year’s annual reserve fund contributions that are to be equal to or below the benchmark’s annual reserve fund allocation computed amount.

As any change to regular and/or special contributions must be voted on as part of a proposed budget and/or resolutions at general meeting, recommended contributions amounts are typically not incurred in the first-year of a scenario and usually in the second.

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.