Cohousing-L Mailing List: Two Budgets?

[Richard L Kohlhaas (rlkohl]

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