|Two Budgets?||<– Date –> <– Thread –>|
|From: Richard L Kohlhaas (rlkohlearthlink.net)|
|Date: Sun, 29 Dec 2019 19:37:35 -0800 (PST)|
At Casa Verde, in the beginning, we were advised to keep condominium-type transactions separate from "community" expenses, such as the meal program, child care for meetings, social events, etc. The reason being that a combined budget could make us ineligible for the special IRS tax treatment for condominiums. We did so, and therefore have two budgets, two bank accounts, and two treasurers. The condominium assessments range from $240 to $380/month, and community dues are $7.50/adult/month. We are curious if any other cohousing communities do their finances this way . ------------------------- Dick Kohlhaas Member of Colorado Springs Cohousing Community at Casa Verde Commons 34 households on 4 acres 1.5 miles from center of city. www.casaverde.us
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