Most condo annual general meetings (AGMs) follow the same format. The board will approve the minutes of the last AGM; appoint an auditor and approve the financial statements of the previous year; elect new directors if required; review the reserve fund and reserve report; and discuss new business that may arise from the floor.
All owners are encouraged to attend their AGM to get a good sense of the state of their community. The meeting does open to the floor for new business, but owners shouldn’t feel that this is their only opportunity to raise concerns or share ideas. Owners can contact their property manager at any time throughout the year.
