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…………..
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