Does a Condominium Audit Require Owner Approval
Q: My condominium association has a budget of less than $300,000.00 per year. At a recent board meeting it was stated that the association plans to have an audit of the association’s finances. I understand that the Florida Statute would not require our association to have audit and there was no owner vote taken authorizing such expenditure. Is this appropriate? (G.R., via e-mail)
The post Does a Condominium Audit Require Owner Approval first appeared on Florida Condo & HOA Law Blog.
Categories
Recent Posts
Beyond the Board: How Committees Strengthen Community Governance
What To Do In A Condominium Election When There Is a Tie Vote
Format In Which Changes to Governing Documents Must be Shown
Owner Access to Official Records and Restrictions on Their Use
From High Notes to High Stakes: A Soprano’s Journey to the C-Suite
Can Associations Require Owners to Receive Notices by E-Mail Only?
Understanding Electronic Voting and Association Credit Card Rules
Medicare Made Understandable, with Brian McArthur
Board Authority to Install Electric Vehicle Charging Stations Without a Membership Vote
A New Framework for Derivative Lawsuits Against Community Association Boards