103 Budget Requirements

103 (1) The strata corporation must prepare a budget for the coming fiscal year for approval by a resolution to be passed by a majority vote at each annual general meeting.

• (2) The proposed budget must be distributed with the notice of the annual general meeting under section 45 and must be accompanied by a financial statement.
• (3) The budget and financial statement

• (a) must contain the information required by the regulations, and
• (b) may be in the form set out in the regulations.

• (4) The proposed budget may be amended by a majority vote at the annual general meeting before the budget itself is put to a vote.

1998-43-103, effective July 1, 2000 (B.C. Reg. 43/2000).