Q. What are the rules governing expenses for condominium associations in Florida? Can an association pay for a party or any planned get-together function from the operating expenses?
For condominiums, refer to several sections in FS 718. Also, the state has administrative codes that define budgets. When you think of budgets, you must also include the financial reports and this document, which defines the items to be included in budget. In no place does it refer to entertainment expenses. One of the best sources of information is a study guide published by the state, “Budgets: Reserve Schedules, A Self-Study Training Manual for Beginners.” The document is free but you must contact the Division of Condominiums to request a copy at 850-488-1122.