Our strata corporation has money left over in the operating fund. May we give it back to the owners?
If funds are not required to meeting operating expenses in a fiscal year, a strata corporation may do one or more of the following:
1) put the surplus in the contingency reserve fund;
2) carry the surplus forward as a surplus in the operating fund;
3) reduce the next year’s strata fees.
To do anything other than the foregoing requires a 3/4 vote of the owners