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Section 6.6 of the regulations says that the budget must contain the following information:
- the opening balances in the operating fund and the CRF,
- the estimated income from all sources other than strata fees, itemized by source,
- the estimated expenditures out of the operating fund, itemized by category of expenditure,
- the total of all contributions to the operating fund,
- the total of all contributions to the CRF,
- each strata lot’s monthly contribution to the operating fund;
- each strata lot’s monthly contribution to the CRF,
- the estimated balance in the operating fund at the end of the fiscal year,
- the estimated balance in the CRF at the end of the fiscal year, and
- any contributions allocated to a portion of strata lot owners as a result of LCP repair and maintenance costs, costs allocated by type, or arising as a result of the repair and maintenance of portions of strata lots.[24]
At each AGM, ...(click to read more)
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