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Is This Budget Kosher?

to be available to pay for our utilities, building salaries, etc. Obviously, if the assessment money is used

Management Screwup

Inasmuch as theft is a serious matter, are you sure the money was stolen or, as your message title

Window replacements and reserve funds

, aging and deterioration. A reserve fund is your money, in excess of the current operating expenses

Taking Sentences Out of Context

as extra money that can go to reducing the amount shareholders have to be charged for a new roof

Entry gate key charges

a means for the corporation to recover some of the expenses of the new gates. That money is also going

Re: Balloon Mortgage

Time value of money? I am sorry, but that is a typical self serving response by people who do

Re: "Normal" Coop Financials

a problem. The money's got to come from somewhere; depleting your reserve fund to pay day-to-day expenses

Self-interest

. If a shareholder owes the corporation money, and is behind in his/her payments, the board has a duty to make sure

Reply to Steve

me work harder. If I can sue and get money for the time I spend on rejects, I'm all for it." An owner

MOrtgage portion of your question

not be refinance. OUCH!!! VERY PAINFUL! Therefore, since we lacked money to do bladly needed capital investment

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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!

Carpet cleaning

Bob B JR Nov 22, 2024

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 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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