5.1 How to manage your financials | Owners Corporation Network

5.1 How to manage your financials

Managing the financials of the strata scheme is a key responsibility of the executive committee and specifically the treasurer. In reality most of the functions of the treasurer and the day-to-day accounts, financial recording, reconciling and levy gathering is delegated to the strata manager. However, a good and active treasurer can add enormous value to the scheme, both financially and in the quality of work approved.