Monthly Archives: August 2020

How much is enough in our Contingency Fund?

Our 25-year-old apartment building recently completed several planned major upgrades. Our roofing system was replaced, we had an elevator overhaul, and our boiler was upgraded. All of this depleted our contingency fund down to 25% of our operating fund, or … Continue reading

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Financial Controls

An issue has come up at our council meeting with our manager dealing with the signing authority on cheques and our accounts. We have two council members who have created friction with our property manager and are now questioning their … Continue reading

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Operations Plans-Landscape maintenance. Essential Strata Service

Our strata council is trying to cut corners on cost this year as we have experienced the same dramatic increases in our insurance costs. As an owner and council member I am concerned that we are not meeting our basic … Continue reading

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