Authorized Expenditures

Started by EdO • 1 replies • 1175 views

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EdO (Florida)
Posts: 3

Posted:

Some on our Board would like the Association to make a small contribution to our recreational activities and/or parties. The balance would be paid by participants or fund-raising activities. Some members object on the grounds that such a payment is prohibited by law. I've not been able to find any such law. I'm thinking of an allocation of a few thousand per year out of a budget which exceeds $300,000 per year. Your comments please.

BradP (Kansas)
Posts: 2,640

Posted:

Ed:

There have been several arguments on here in the past about this topic...those threads have been very intense. I have my own viewpoints but will withold them because I don't want to start another thread, I would encourage you to use the search feature on this site.

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