Short Answer

The maintenance budget in a cooperative society is typically decided by the General Body of the society members. It can be revised as per the decisions taken in the General Body meetings.

Detailed Explanation

Section 73 of the Gujarat Cooperative Societies Act, 1961 empowers the General Body of a cooperative society to decide on various matters, including the maintenance budget. This means that the responsibility of determining the maintenance budget lies with the members collectively. The budget is usually proposed by the managing committee based on the estimated expenses for maintenance and utilities of the society.

In practice, the managing committee prepares a draft budget considering factors like regular maintenance costs, utility bills, repairs, and other expenses related to the upkeep of the society. This draft budget is then presented to the General Body for discussion and approval. The members can suggest changes, amendments, or revisions to the proposed budget during the General Body meeting.

Real-world Scenarios

• Scenario 1: The managing committee of a cooperative housing society prepares a maintenance budget for the upcoming financial year, outlining the expected expenses for various maintenance activities such as cleaning, security, gardening, and repairs.

• Scenario 2: During the General Body meeting, the members review the proposed budget, raise concerns about certain expenses being too high, and collectively decide to revise the budget by reducing costs in certain areas.

The frequency of revising the maintenance budget is not specifically mentioned in the Gujarat Cooperative Societies Act, 1961 or Rules. However, it is common practice for societies to review and revise the budget annually or as needed based on changing circumstances, expenses, or requirements.

Reference

• Gujarat Cooperative Societies Act, 1961: Section 73

• Official PDF