Accounting & Audits
How well-funded is your 10-year MRRP actually?
100% is a useful benchmark. It isn’t a funding strategy. Your Body Corporate has R1.6 million sitting in its Reserve Fund. That sounds reassuring. Then somebody asks a slightly more awkward question: R1.6 million for what? The lift? Painting? Waterproofing? The roof? The gate motors? The next round of redecoration? That is where things get […]