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Following the trail..

and emergency repairs from maintenance repairs and itemize what needs to be for the purposes of your next budget

Capital v. Other

,000 to replace with enhancement of your parking roof (just by way of example). Your operating budget should

We have a plan for unanimous votes

sign the letter. This “budget approval” open board of directors meeting is typically

RE: finances/abatements

– not all buildings only count their reduced tax bill as the total liability/expense for budgeting

Co-op sources of income

be used to "top off" capital reserve accounts. It should never be relied on when calculating a budget

Maintenance Increase

maintenance to keep the budget balanced if another shareholder (or two or three) moved out. All in all

Gas Line Testing - Local Law 152

. preemptively replace anything that seems suspect and start making plans and budgets to replace individual lines

Document Fees

own files. Every shareholder is supposed to receive a copy of each annual budget, and you should have

Twice-Told Tales UNABRIDGED

Magazine Article by Tom Soter on October 01, 2015

one official meeting, which is our annual meeting, and then we have a budget informational meeting

Pay it Forward UNABRIDGED

Magazine Article by Ford, Ruth on May 01, 2003

more attractive these days as more cooperatives are looking for ways to hold the line on their budgets

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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

see the guide

HABITAT

RESULTS FOR [BUDGET]