Education

A condo corporation has to have both a formal and an informal training program for the directors, committee members, volunteers, the owners and the residents.

Having informed owners is so important.

I am trying to figure out how to get owners involved, get them thinking what their condo community is and how to get them to understand that they need to pitch in.

It isn't expected for them to cut the grass, water the flowers, spray for grubs, shovel the snow, change the lights in the parking garage or caulk the windows of a 48 floor condo but that doesn't mean that home ownership should mean no effort at all.

If they understand how their condo operates and what their monthly expenses pay for,  they will better understand what the board is doing and the directors should receive a lot more support.

Explaining the annual budget

Here is the graph that the City of Toronto published to explain the 2015 budget to its tax payers. Notice that the third biggest cost is the service of its debt, the cost of spending money the city didn't have.

A similar chart would be a great way for a condo board to help explain its annual budget.

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