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-up in January to $10,653 in March — a truly staggering 77% increase. “This was not part of our budget, which
’re preparing operating budgets,” DePaola says, “but they should also use it for long-term capital planning
don’t need to be careful when they park their money, either for operating budgets or reserve funds
it since 2001.” HPD’s demands included: a two-year financial audit by an independent CPA; budget
and other costs. The memo stated that the co-op’s annual operating budget was $25 million but its income
for research at the nonpartisan Citizens Budget Commission, which monitors city and state finances. “And so
. “But we have a doorman from 7 A.M. to 1 A.M. seven days a week, and a big chunk of our budget
it comes to the economics of budgeting, in some instances we will actually recommend that a board impose
projects budget. There was a small assessment for a hallway renovation, and annual hikes to monthly
of the current plan’s budget.”  The Grinnell’s solar array was designed and installed by Bright Power. Husna

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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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