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Financial Matters

November, 24 2022 - Published by Grand River Chapter - Author(s): Shalon Seebach

How to Prepare for Upcoming Budgets

It’s that time of year again! For the many corporations with December 31st year-ends, it’s time to work on your corporation’s budget for the next fiscal year. This can be a very daunting endeavor for many board members, particularly in the current economic climate.


 
Financial Matters

October, 20 2022 - Published by Grand River Chapter - Author(s): Shalon Seebach, BBS, LCCI

Does Our Condo Budget Have to be Breakeven?

A breakeven budget is one where the anticipated revenue is the same amount as the expected total expenses. A good starting point is to consider the accumulated General (or Operating) fund balance. Should the condominium carry a surplus? The Condominium Act of Ontario acknowledges there could be a surplus – in subsection 84 (2) they indicate a surplus can be used for ...


 
COVID-19

May, 21 2020 - Published by Grand River Chapter - Author(s): Shalon Seebach

Finances and Government Assistance Programs

Shalon Seebach discusses how to manage a Condominium's cash flow during COVID 19.


 
COVID-19

April, 30 2020 - Published by CCI National - Author(s): Shalon Seebach

Condos and COVID-19 - Government Assistance Programs

Over the last several weeks, the Federal government has made several announcements regarding financial assistance programs that have been made available to corporations and individuals. You are probably wondering whether your condominium corporation is eligible for any of these. The answer is – maybe.


 
COVID-19

April, 16 2020 - Published by Grand River Chapter - Author(s): Shalon Seebach, BBS

Condo Finances and COVID-19

The COVID-19 pandemic is something no one could have predicted or budgeted for, and we are all struggling in one way or another...


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