Interest income

Started by RichardP27 • 1 replies • 78 views

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RichardP27 (California)
Posts: 2

Posted:

Our Gm is still maintaining that we cannot use interest income as Revenue for our Budget. He maintains that we cannot use project 1 dollar or a million dollars and it still would not affect our assessments. We forecast 75,000 when in fact it is over 400,000 thousand dollars. I say we need to put all revenue in our budget to lower the assessment burden for us homeowners. We are 85 percent funded already. What can I tell him?

TimB4 (Tennessee)
Posts: 21,059

Posted:

That you are willing to run for a seat on the board and have a vote to make that change.

If you are already serving on the board, put together a budget and have the board vote.
The PM works for the Board, the board does not work for the PM

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