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Association budgets are formulated at least annually, and the board develops the budgets. Owners ratify the budget using a process described in the governing documents.
Astute boards review invoices and approve payment of expenses. Sadly, there are boards that spend association funds with little or no regard for budgets or Other People's Money.
Owners can join together to monitor and, when necessary, relieve boards of their duties when they find board abuse of association funds.
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What does the Operating Budget Quthority Document (OBAD) do?
authorizes your base to pay for expenses for a certain type of funds
What does the operating budget document do?
authorizes your base to pay for expenses for a certain type of funds
What is the The Operating Budget Authority Document?
It authorizes your base to pay for expenses for certain type of funds
What is the Operating Budget Authority Document or OBAD?
It authorizes your base to pay for expenses for certain type of funds
What is the purpose of certifying a DTS voucher or local voucher?
To allow payment of claimed expenses.
Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with 1/3rd down payment?
Can a Veteran obtain a VA Mortgage Loan to purchase a condo on the ocean with one-third down payment?
How can a payment gateway be used?
A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar
What expenses can be claimed as an executor of an estate?
Reasonable expenses can be charged to the estate. The executor can also receive payment.
What is a supplementary payment?
A supplementary payment is an additional payment made to cover costs that are not included in a primary payment. This can occur in various contexts, such as insurance claims or contractual agreements, where the initial payment may not fully address the expenses incurred. Supplementary payments can help ensure that all necessary expenses are reimbursed or compensated.
Does the natural father have to pay pregnancy expenses?
Once paternity is established, payment of pregnancy expenses is often ordered.
Are accrued expenses assets or liabilities?
Accrued expenses are those expenses the benefit of which has already taken by the business but the payment is not yet cleared that's why it is the liability of business.
Difference between outstanding expenses and unexpired expenses?
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
