What are boards supposed to do with surplus funds?

Q: I live in a homeowners’ association, and I have two questions concerning me: (1) what is the Board supposed to do when there is a surplus of funds at the end of the fiscal year; and (2) Do I have a right to request a copy of the Association’s receivable report from the Association, as there has been a large amount written off as bad debts?   Read the Q&A…………..


Related Articles

Resident: HOA won’t help after UCF students renting next door leave condoms, urinate in yard

Dan Burns said he’s been living a nightmare for six years inside the gated Cypress Head at the Enclave community

Mold, Leaks, and Structural Problems Plague Homes in Disney-Built Town of Celebration, Florida

It doesn’t look like there’s much to celebrate, in Celebration, Florida.  The Walt Disney Co.–built town, which opened in 1996

Condominium Directors “At Large” Have the Right to Vote

Question: I was recently elected to the board of my condominium association as a “director at large.” In doing my