Paragraph 18.2 Content of draft budget
A draft budget is to set out–
(a)
the total service charge and the date (or dates) on which the service charge will be due for payment;
(b)
an estimate of any other funds which the association is likely to receive and the source of those funds;
(c)
an estimate of the expenditure of the association; and
(d)
the amount (if any) to be deposited in a reserve fund.