The coop’s 2015-16 budget was posted online yesterday, following Wednesday night’s board meeting. The fiscal year began on July 1. This budget was approved 113 days later, on October 21.
4 thoughts on “113 days late but the Coop has a budget”
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Where is the revenue from monthly maintenance? How many apartments constitute the East River Housing?
Monthly maintenance is the first line of income “APT-RENTS”. There are approximately 1670 units
got it. Thanks.
I have very little faith is this budget. I find it surprising that there were very few adjustments made in the sublet income line from 14/15 to 15/16. In fact, approximately a $20K increase to be exact. Why is the Board telling us that the new sublet rules will result in “hundreds of thousands in new income” yet they are only budgeting $20K in additional revenue from the changes. I’m guessing no one actually read this budget before they approved it.