Meetings: Financials

In this and the following sections we take you through the agenda of a strata corporation AGM.

Financials

Financials, this item follows the tabling of correspondence. An extract from our pro-forma minutes follows...

FINANCIAL STATEMENT:

Ask the Treasurer to read/give his/her financial statement.
Ask the Treasurer to move for the receipt and adoption of the financial statement.
Seconder. All those in favour? Against? I declare the motion carried.

The Corporation's financial statement of accounts for the current period, as circulated to all members, was tabled and reviewed. Owners were encouraged to comment. It was resolved that the financial statement of accounts be received.

Moved____________ / Seconded ____________ Motion carried.

Tax: Legislation now requires that monies held in Trust Accounts are to earn interest, and as a result an annual tax return is required. .

Hint

As chairperson:

  • ensure you have last years financial statement and supporting accounts at hand - ask your group's Treasurer for help
  • have copies of the financial statement at hand, just in case owners or their proxies forgot to bring them.
  • ask the Treasurer to present the report and move for the acceptance of the financial statement

Tools

The following may be of assistance.

Meeting Minutes Pro forma

minutes proforma
Click on picture to view & edit

Three Laws of Meetings

unite group
Click on picture to view

Meeting Manage Video

meeting video
Click on picture to view video

Meeting Hints Sheetmeeting hints
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Meeting Procedure Rules

meeting rules
Click on picture to view

Access to Satellite Images

satelitte image
Click on picture to view


Link to next step - Appointment of Manager or Appointment of Officers (if no manager)