[200William-EC SP67851] Sinking Fund budget

[Pia Cunningham]

Good morning Edward

I apologise I missed your call yesterday evening, I was headed to a meeting.

The added costs was for the painting of the external. But I didn't think it would be that much.

What time are you free to speak today?


Should you have any queries regarding the above, please do not hesitate to contact me.



Have a nice day,



Pia Cunningham

Strata Manager and
Company Title Manager



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On 5 Jan 2015, at 11:18 pm, Ed Sainsbury <edsainsbury at ozemail.com.au<mailto:edsainsbury at ozemail.com.au>> wrote:

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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