[200William-EC] SP 67851 Financials

Sat Jul 6 22:30:21 EST 2013

Hello Maxine,Would you please provide me an answer to the email I
recently sent you in which I enquired as to why/who increased the
levies without approval by the EC.  I don't have all the
documentation with me while I am away, however, I seem to remember
that the budget for the year ending 2014 was actually lower than the
actual for 2013, shown in the accounts distributed at the recent
AGM.Was this not the case?  I look forward to your response on both
matters.Thank you and regards,Craig Laforest 

----- Original Message -----
From: "Maxine Wickey" 
To:"ec at 200william.com ec at 200william.com" 
Cc:
Sent:Fri, 5 Jul 2013 17:21:18 +1000
Subject:[200William-EC] SP 67851 Financials

	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

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