[200William-EC] SP 67851 Financials

[Rob Willett]

Well done Maxine, the effort much appreciated, we'll be in touch Tuesday 



On 05/07/2013, at 5:21 PM, Maxine Wickey <mwickey at stratatitle.com.au> wrote:

> Dear Committee,
>  
> I have attached the proposed budget, the sinking fund plan and the general ledger for the financial period so far.
>  
> Please note that there is $81,143.93 in the income being the money owed by the BMC but as discussed at the meeting the owners corporation owes levies to the BMC.  They are showing as having been charged to the owners corporation however the transfer of funds have not been done.  I am in the process of transferring the funds between the two accounts.  I will advise once I have completed this.
>  
> The main area that you will be able to increase the levies is the sinking fund.  As per the attached sinking fund plan the amount that was adopted at the meeting being $38,147.77 was the amount suggested by the report yet last year only $5,000.00 plus GST was put into the sinking fund which was less than the report recommended.
>  
> I will go through each line item for the Administration fund comparing the budget and the general ledger so far only being a third of the way through your financial year:
>  
>                                        Budget           Expenditure
> Accounting                         820.00          485.08
> Agent Disb-Stationery         65.00            26.64
> Agent Disbursements          2,600.00        479.77
> Agent Disbursements-Other  800.00           212.15
> Audit & Taxation Services     0                  240.00
> Audit Services                    570.00           530.00
> Bank Charges-With GST       90.00            4.55
> Computer Fees                  700.00          290.91
> Consultants                       1900.00         0                  Asbestos & OH& S Report Costs
> Debt Collection Fees            0                  0                  Don’t budget as lot owner pays
> Income Tax-Admin             0                  151.00          Needs to be moved to sinking fund
> Insurance Premium             3000.0          3243.69
> Legal Fees                        0                  0                  Don’t pay as lot owner pays
> Levy                                177,990.00    88,245.00
> Maint-Aircon                      500.00          230.00
> Maint-BBQ Equipment          300.00          0
> Maint-Carpet                     500.00          0
> Maint-Cleaning-Carpet/Furn  0                  1156.00
> Maint-Cleaning-Windows/Gla 2,000.00        0
> Maint-Concrete                  0                  0
> Maint-Consultants               0                  0
> Maint-Doors & Windows       500.00          642.65
> Maint-Electrical                   1,000.00        1001.00
> Maint-Electrical Lamps & Tub 750.00          0
> Maint-Exhaust/Ventilation Sy 0                  0
> Maint-Fire Protection           0                  128.00          To be reimbursed by BMC
> Maint-Garage Doors            235.00          100.00
> Maint-General Repairs         1,000.00        120.00
> Maint-Gym Equipment         400.00          140.00
> Maint-Hot Water Service      400.00          0
> Maint-Insurance Repairs      0                  0
> Maint-Intercom                  500.00          0
> Maint-Letter Boxes             150.00          0
> Maint-Lift-Maint Contract      0                  0
> Maint-Locks, Keys & Card    1,200.00        30.00
> Maint-Paint & Sfce Finishes   0                  0
> Maint-Plumbing & Drainage   3,000.00        1,027.27
> Maint-Plumbing-Drains & Se  0                  0
> Maint-Security                   0                  570.00          To be transferred to Maint-Security-Contractor    
> Maint-Security Equipment     200.00          810.00          
> Maint-Security-Contractor    1,300.00        0
> Maint-Signs & Notice Boards 0                  0
> Maint-Tiling-Floor & Walls     500.00          0
> Maint-TV Antenna & Cables   400.00          0
> Maint-Walls                       500.00          0
> Management Fees              7,497.00        3123.73
> Mgmt Fees-Additional Servi  1,800.00        630.18
> Mggnt_Non Routine Services 0                  500.00
> Mgnt-Print/Postage/General  0                  1,371.21
> Staff-Contract Bldg Mngr     0                  0
> Status Certificate Fees Paid  0                  260.00          Not budgeted as paid to Strata Plan then pay STM
> Strata Inspection Fees Paid  0                  60.00            Not budgeted as paid to Strata Plan then pay STM
> Taxation Services               620.00          0
> Telephone-Mgnt                 0                  10.12
> Trades Compliance             240.00           100.00
>                                       214,027.00    105,918.95
>  
> After only 4 months of the financial year 48.49% of the administration budget has already been expended.
>            
> No sinking fund expenses as of yet.
>  
> I hope this helps with the revision of the budget.                                
>  
> Regards,
>  
> Maxine Wickey
> Strata Manager
>  
> <image011.jpg>
>  
> <image012.png>   <image013.jpg>   <image014.png>   <image015.jpg>    
>  
> t:   (02) 9540 4199
> www.stratatitle.com.au
> www.stmplus.com.au
>  
> Emailed Communication / Documents Disclaimer
> For STM’s full disclaimer please visit – http://www.stratatitle.com.au/privacy.asp
>  
> <Proposed Budget 2013.pdf><sinking fund update.pdf><General Ledger 01.03.2013 to 05.07.2013.pdf>_______________________________________________
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