Tag: Capital expenditure

2021 September Q&A: Categorizing the Capital for Capital Improvements By Dean Roberts

Q. I have a question as a shareholder. Our Mitchell-Lama development in NYC is taking a needed bank loan to cover major repairs. There was no shareholders meeting or voting on this capital improvement. The board has not yet decided on how…

2005 Nov Capital Budgeting and Planning By Doug Lister

Like most companies, co-ops and condos have two important, yet distinct budgets which allow boards and owners to manage the day-to-day and long-term financial requirements of their buildings. The operating budget includes recurring exp…