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2012 Budget - what are you doing?

conversion, finish our elevator upgrade, and develop capital repairs including plumbing and façade work… let

Reserves

for Capital Projects. My Co-op can’t afford to delay a roof project while Congress debates the broader

Reserve Minimum Requirements

not have a capital project every year (whew!), so I now understand why you must keep replenishing your

Is This Budget Kosher?

balanced because income from an assessment to pay for contracted capital improvements appears

reserves

for capital improvements (boiler in 5 years, roof in 10, etc.) and other needed repairs. Try to build your

Re: Board Member Recusal from Vote?

to cover the amount due. I would never recommend capitalizing, into a mortgage, legal fees unless

Verizon - Fios Installation

to be compensated for overseeing a capital improvement project. FIOS is a project whose installation may run

Getting a condo to recognize the importance of governance

guarding against trip and fall suits. I'm also worried that we won't know when it is time for capital work

corrupted boards

, are they given the bills? 2) what about capital improvements, roof, garage, lobby - try contracts to begin

Taking Sentences Out of Context

to "Reserves" for your "Capital Expenses." However, should your taxes be higher than expected or your

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Sprinkle system for insurance?

Pooh Dec 23, 2024

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

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