203k Contingency fund

[Whitney Moore]

 Hello,

We are in the process of a 203k loan and we about 50% done with the project. We currently have depleted most of our contingency and after review we noticed that some of the money was spent on permits and trash removal. I was under the impression that the fund is only for emergency and safety towards the house. We still have to put in the MEP for the house and we dont have any money left in the fund. Does this make sense? Looking for any information that would help.

Thanks