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

Bonita Springs mother evicted despite paying full rent (FL)

Confusion over the ownership of a Bonita Springs condo led to the sudden eviction of the mother who had just

Can the board hold a closed meeting for ‘personnel’ reason?

Q: Our condominium has a property manager who works full time for our condominium and is employed by the condominium

Ponte Vedra (FL) resident called 911 three times to report smoke

Griffin, who lives in the building behind the condo that was on fire, said she was simply doing what was