Which gathering is specifically designed to discuss the financial status and future of a condominium?

The Annual General Meeting (AGM) is specifically designed to discuss the financial status and future of a condominium. During the AGM, the condominium's board of directors presents critical financial information, including the current budget, financial statements, and any proposed changes to the budget for the upcoming year. This meeting also provides a platform for owners to ask questions, voice concerns, and vote on important issues, such as the approval of the budget and any major expenditures.

While other gatherings may have elements of financial discussions—such as analyzing budgets or operational costs—the AGM is the formal setting mandated by law where key financial matters are presented to all owners, ensuring transparency and accountability in the management of the condominium’s finances. This makes it an essential event in the governance of a condominium community.