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Boards set policies

to anything financial, the Board would be unable to act. They couldn't set a budget, approve an expenditure

Re: Oil Price Lock

a cancellation penalty? As another poster mentioned, a rate lock will allow you to draw up a more precise budget

NO ONE can guarantee what will happen on audit...

, what you actually spend funds on is more important than how things are labeled on your budget. It

2nd Avenue Subway

building were extremely detailed and we even are using it for identifying and budgeting capital

Reserves/Flip tax

Along the lines of the recent comments, how would the budget meet its revenue target with a lower

Reserves/Flip tax - Steve

to over our monthly maintenance. Nothing is being cut in the budget it's only going up. Thanks for your

When tax abatement credits must be given

as the abatement so they can recoup the budget shortfall due to the abatement. Your board may believe you

Getting rid of a non-paying Condo owner

are a small Condo with a limited budget. One of the owners now owes over $3,000 in common charges. We don

Not supposed to be a reliable source

of the budget. In fact, no CPA will permit you to include flip tax revenues in a projected budget (because doing

Pass the Buck

there of additional liability that you have to cover in your budget. The other thing that the, or what the insurance

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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!

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

Coop serious problem - staff work without permits, etc

DM Dec 15, 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

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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

Source Guide

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