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abatement." " The Budget Office statements about co-ops being undervalued are outrageous. " "The IBO ... York City Independent Budget Office — based on current legislation in Albany intended to equalize tax

Partnering / Business of Management Survey 2013 UNABRIDGED

Magazine Article by Tom Soter on January 01, 2013

, doing a budget, paying the bills, and making sure the staff shows up is not enough anymore,” says

All About Energy Audits UNABRIDGED

Magazine Article by Stephen Varone & Peter Varsalona on January 01, 2013

of Concern The audit report should also list anticipated budget requirements and an associated energy cost
significant, factors. For example, a history of balanced budgets would show prudent fiscal planning, while
." The condominium or co-op board should also ask for a proposed budget of annual expenses, with as much detail ... Legal fees make up a not-insignificant part of a co-op or condo budget, and board members
The rate dropped for first half 2013 - does everyne know this and did you budget for it?
these buildings they really needed to create a reserve fund of at least 10% of their annual budget. We do
in the budget to upgrade our building. When asked how this will effect sales, they state that "we will cross
.html) it states, "Capital reserves must represent at least 10 percent of the budget

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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Bertolini Architectural Works, D.P.C.

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