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David Schmitz
21 Stuyvesant Oval Suite 9B
New York, New York, 10009
UNITED STATES
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Consider whether the budget should include any projected shortfall, or whether there should be a special assessment. Consider the current expected delinquencies, and be conservative. Otherwise it could be painful when subsequent years budgets are prepared. Consider special projects that cannot be fully funded from reserves. Consider increases in expenses, and be realistic about reduction of costs.
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