It is prudent to allocate a contingency fund within your budget to account for any unforeseen circumstances.

Source: https://www.chartattack.com/working-with-web-design-agency/

Requiring strata corporations and developers to make a 10% contingency fund contribution is a smart move that will better prepare owners for any unexpected expenses and help prevent increased insurance rates down the road.”

Source: https://voiceonline.com/amendments-will-better-protect-b-c-strata-owners-lessen-insurance-costs-province/

Several speakers opposed to the tax increase noted that the district, known as Central Health, accumulated a $379 million contingency fund while low-income residents wait for clinics and services.

Source: https://www.austinmonitor.com/stories/2023/09/commissioners-pass-health-district-tax-increase-but-plan-increased-scrutiny/