It will be divided into operating expenses and the reserve fund. The detailed financials should be mailed out at least yearly. So you can see where all the mone

It will be divided into operating expenses and the reserve fund. The detailed financials should be mailed out at least yearly. So you can see where all the money is going. The operating expenses will cover the hot water, garbage, exterior building insurance, snow removal, sewer, common area maintenance like landscaping and floor cleaning. The reserve fund covers the long term maintenance, painting the exterior, roofing, replacing water heaters, carpeting replacement in common areas. High cost areas like that probably have a pool or a front desk person too.