[200William-EC] SP 67851 Financials
Craig Laforest
craigstephenlaforest at gmail.com
Tue Jul 16 02:46:34 EST 2013
Hello Maxine,
Would you please amend the minutes of our recent AGM to reflect that it was
held on June 24 and not May 30 as per the attachment you sent me.
Thank you and regards,
Craig Laforest
On Mon, Jul 8, 2013 at 8:48 AM, Maxine Wickey <mwickey at stratatitle.com.au>wrote:
> Hi Craig,****
>
> ** **
>
> The proposed budget was presented to all owners at the AGM which was voted
> on at the meeting and approved. Attached is the agenda that was presented
> to all owners prior to the meeting and clearly shows a proposed increase.
> ****
>
> ** **
>
> As I advised at the meeting the amount proposed for the sinking fund was
> as per the sinking fund plan but whether you adopted that figure was up to
> the owners corporation as it was a big increase on last year. This is when
> we had the discussion about special levies and how it is better to increase
> over the years rather than have special levies.****
>
> ** **
>
> Regards,****
>
> * *
>
> *Maxine Wickey*
>
> Strata Manager****
>
> ** **
>
> *[image: STM RGB.jpg]*
>
> * *
>
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> ****
>
> * *
>
> *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****
>
> ** **
>
> *From:* cscl at optusnet.com.au [mailto:cscl at optusnet.com.au]
> *Sent:* Saturday, 6 July 2013 10:30 PM
> *To:* Maxine Wickey
> *Cc:* ec at 200william.com
> *Subject:* Re: [200William-EC] SP 67851 Financials****
>
> ** **
>
> 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" <mwickey at stratatitle.com.au>****
>
> ** **
>
> *To:*
>
> "ec at 200william.com 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****
>
> ****
>
> * *****
>
> ****
>
> * *****
>
> *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****
>
> ****
> ------------------------------
>
> Email sent using Optus Webmail****
>
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>
>
--
Craig Laforest
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