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Help with condo reserves management in Ohio

| Budgets & Finance |  


Question:

We need clarification on Ohio Reserve law. We have been including in our budget the 10% required by Ohio law. Our treatment of this law is where we need some guidance. One owner I will call the adviser to the board, (can't be on board because condo is in his kids name, guides us on understanding QuickBooks and posting properly in order to receive the reports we need for community. We have just changed bookkeepers, causing somewhat of a disagreement on our board regarding the handling of the transfer.


Answers (2)

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