[200William-EC SP67851] Sinking Fund budget

[Ed Sainsbury]

Dear EC,

 

Over the break I looked at the revised Marquis BMC Sinking Fund Plan (30 Oct
2014) supplied by Solutions In Engineering, for our cash flow budget. I
compared this to the Marquis BMC Sinking Fund Plan (15 Jul 2014). Then
compared this to the (Resi) "Sinking Fund Plan Update

For Owners Corporation Strata Plan 67851" (26 Jul 2014)

 

The main issue is that the revised BMC sinking fund report has the Resi
Owners Corp contributing an additional ~$80k in 2016, from the original
report. And as such, does not correlate to the Owners Corp report's
Contribution per Unit Entitlement.

 

As a result I have called Solutions In Engineering today to question which
Contribution per Unit Entitlement they are using; that achieves the
additional $80k in 2016. I am also going through the report so that they can
label tables appropriately etc. I am also speaking with Pia to confirm what
the Contribution per Unit Entitlement she has on record for her calculations
to see if they marry up to one report or the other.

 

I will wait until I hear back from Solutions In Engineering. I am expecting
a call tomorrow. In future I feel that we may use a different provider for
these reports, as they are not up to the standard I would like, however I
will wait to see if we can sort the layout and scope of any future reports.

 

Once I know what our Contributions are, I can confirm the budget. This will
show how much money is available for a refresh and design.

 

Regards,

Edward Sainsbury

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