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The Practical President UNABRIDGED

Magazine Article by Tom Soter on March 01, 2016

are the major issues you’ve faced in your condo? We have to make sure that we have the right budget and that we

Love with the Proper Mailbox UNABRIDGED

Magazine Article by Michele Cardella on March 01, 2016

and imposing an assessment to pay for it. At our annual meeting that year, designs, budgets, and timetables

Property Tax Reform: “Just Too Political” UNABRIDGED

Magazine Article by Ruth Ford on March 01, 2016

Carol Kellermann, president of the Citizens Budget Commission (CBC), a nonpartisan, nonprofit civic

Tax Abatements: Upside-Down Again UNABRIDGED

Magazine Article by Jennifer V. Hughes on March 01, 2016

part of their annual operating budget,” Kuffel says. “To reduce or eliminate it [would mean that

The Board and the “Over Board” UNABRIDGED

Magazine Article by Richard Siegler and Dale Degenshein on March 01, 2016

Board Claims The residential board alleged that the 2014 budget was adopted in violation of the bylaws

Finding Fraud UNABRIDGED

Magazine Article by Stuart Saft on March 01, 2016

low budget. • Management has sole check-signing authority. • The board or management drops certain

Bond. Performance Bond. UNABRIDGED

Magazine Article by Stephen Varone and Peter Varsalona on March 01, 2016

with an estimated budget of $400,000. We noticed a performance bond fee in our construction contract bids and have
of a heavy winter and added heating expenses. You’ve blown through a good chunk of your budget already, maybe
, there was a budget surplus, and every year after that there were six-figure deficits. It’s ridiculous.” The co
statements, actual spending versus the planned budget, payables, cash balances, and arrears. Additionally

Ask the Experts

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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

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