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Tag Archives Expenses

Board Spending Authority Not Unlimited

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Q: My condominium association has a number of committees including a social committee. Recently there was a discussion at a board meeting concerning the association paying for certain social committee activities, including providing food and drinks at parties. However, …

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Year End Surplus Treatment in Board’s Hands

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Q:        What must be done with a condominium association’s operating surplus at the end of the year? Is it true that it must be returned to the owners in the form of payment or a credit to next …

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Are Social Event Expenses a Proper Expense for Florida Condominium Associations?

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Question: My condominium association holds an annual holiday party at a nearby restaurant. The association pays for everything, including the banquet hall, food and refreshments, by using common funds. Is this a proper common expense? J.A.

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