[200William-EC] Levy increase for 2014 - strata plan 67851

[Maxine Wickey]

Dear Committee,

The levy that was discussed at the AGM was:

Administration          $213,000.00 plus GST
Sinking                   $  38,147.77 plus GST

The previous year was:

Administration          $196,000.00 plus GST
Sinking                   $   5,000.00 plus GST

The Administration has increased due to the levy contributions to the BMC as electricity costs and insurance costs have increased.

The Sinking amount was adopted as per what the sinking fund plan proposed.  It was discussed that last year we only contributed to the sinking fund $5,000.00 and I advised that we have to propose what the sinking fund plan has stated but it is up to the owners corporation as to whether you adopt that amount, which was passed at the meeting.

It was discussed that painting will need to be done in the next few years and that the funds need to be built up for this rather than raising special levies.

Regards,

Maxine Wickey
Strata Manager

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From: ec-bounces at 200william.com [mailto:ec-bounces at 200william.com] On Behalf Of Diana Dennison
Sent: Sunday, 30 June 2013 7:23 PM
To: CSCL
Cc: <ec at 200william.com>
Subject: Re: [200William-EC] Levy increase for 2014 - strata plan 67851

I too was shocked, but could it include the sinking levy contribution? Remember a couple of years ago when we had all those extra amounts to pay for just that?

Di

Sent from my iPhone

On 30/06/2013, at 3:56 PM, "CSCL" <cscl at optusnet.com.au<mailto:cscl at optusnet.com.au>> wrote:
Hello All,
I ran into Rob this afternoon and questioned why we had received levy increases for the quarter June 1 through August 31.  To my knowledge, we did not pass a motion at the AGM to increase the levy charges from June 1.

Maxine, I received my levies, for the period above, in the mail on Tuesday and noted a sizeable increase for each of my lots.  Would you please explain why the levy increase was made.  The actual total Admin charge for the year ending 28/02/13 was $250,464.79, whereas the budget for the year ending 28/02/14 is only $214,027.

Thank you and regards,
Craig Laforest
Apt 601
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