Condo Smarts: Strata hit by heavy cost of snowfall

Dear Tony: I am the president of my townhouse strata in Surrey. The snowfall that we experienced over the Christmas season will result in our year-end budget being in a deficit and our council is not sure how to handle this.  We budgeted for a few days of normal snow, but this has resulted in a dramatic overrun. Does the council have the authority to allocate this to other parts of the budget, or do we simply run a deficit?    Read the Q&A…………


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