[200William-EC SP67851] Sinking Fund budget
Matt Perkins
matt at spectrum.com.au
Wed Mar 4 09:56:35 AEDT 2015
Im out from the 20th till the 25th of March.
Matt
On 4/03/2015 9:18 am, Pia Cunningham wrote:
>
> Thanks so much Ed,
>
> Solutions IE aren’t responding, so I will have senior management
> contact them.
>
> When would you like to book the next committee meeting in for?
>
> Should you have any queries regarding the above, please do not
> hesitate to contact me.
>
> Have a nice day,
>
> **
>
> Kind regards,
>
> *Pia Cunningham *
>
> Strata Manager
> BMC Manager and
> Company Title Manager
>
> Phone:(02) 9266 2600 | Email:pcunningham at stratatitle.com.au
> <mailto:northshore at stratatitle.com.au> | Address:PO Box 72, STRAWBERRY
> HILLS NSW 2012, Level 7, 447 Kent Street, SYDNEY NSW 2000
>
> **
>
> cid:BEA4112D-982D-40A7-9E7A-95F7B76E7ACE at fritz.box
> <http://www.stratatitle.com.au/>cid:C9038DE0-22F0-48A5-82C9-2AAA48233316 at fritz.box
> <http://www.facebook.com/StrataTitleManagement>cid:E179D377-28C0-4C30-A8C6-AEA7CFCA04E5 at fritz.box<http://www.linkedin.com/company/strata-title-management-stm>cid:1950DB4B-6066-468B-8AD1-875EFBC4D48C at fritz.box
> <http://www.twitter.com/STMStrata>pinterest.png
> <http://www.pinterest.com/STMStrata>google_plus.png
> <http://plus.google.com/+StrataTitleManagemenSydney>
>
> **
>
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> Tile2014_YoungStrataManager_HighCom_S
>
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> including letters, facsimile transmissions and emails are retained on
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>
> *From:*ec-bounces at 200william.com [mailto:ec-bounces at 200william.com]
> *On Behalf Of *Ed Sainsbury
> *Sent:* Tuesday, 3 March 2015 9:56 PM
> *To:* ec at 200william.com
> *Cc:* 'Rowan Holloway'
> *Subject:* Re: [200William-EC SP67851] Sinking Fund budget
>
> Dear EC,
>
> I have been away for a month in the US. I have reviewed it and it has
> a drastic increase in Sinking Fund Levies for 2016. Their previous
> report had funds levied of $20k. Their new figure is $120k. Please see
> the two reports attached and I have summarised the variance below.
>
> _Residential Sinking Fund Levies raised in each calendar year._
>
> cid:image002.png at 01D055FB.236CF5C0
>
> The conclusion of this is that we will be asking for our money back
> for their fees and we will need to commission a new report, again. The
> average Levy required for the residential strata for next 5 years is
> $68,407 (on a simple straight line basis).
>
> What we can do is work with George to smooth out our Capital
> Expenditure so that we can reduce any large increases to our Sinking
> Fund levies.
>
> We will need to add in renovations into the new numbers as well.
>
> I will now work with Pia to make this happen. We can talk about it
> further at our next EC meeting.
>
> Regards,
> Edward
>
> **
>
> *From:*Ed Sainsbury [mailto:edsainsbury at ozemail.com.au]
> *Sent:* Tuesday, January 06, 2015 8:08 PM
> *To:* 'ec at 200william.com ec at 200william.com <mailto:ec at 200william.com>'
> *Subject:* RE: [200William-EC SP67851] Sinking Fund budget
>
> I will follow up tomorrow with the report’s author.
>
> FYI
>
> From: Shipra Castledine [mailto:ShipraC at solutionsinengineering.com]
>
> Sent: Tuesday, 6 January 2015 5:04 PM
>
> To: Sainsbury, Edward
>
> Subject: RE: BMC - Building Management Committee for DP1040255
>
> Hi Edward
>
> I'm sorry I was unable to call you today. It has been rather busy
> catching up after the Christmas holidays. I will catch up with you
> tomorrow.
>
> Kind regards,
>
> Shipra Castledine
>
> Senior Operations Coordinator
>
> _____________________
>
> [cid:image001.jpg at 01D029CA.6EFA3B90]
>
> T 1300 136 036
>
> F 1300 136 037
>
> E
> shiprac at solutionsinengineering.com<mailto:shiprac at solutionsinengineering.com
> <mailto:shiprac at solutionsinengineering.com%3cmailto:shiprac at solutionsinengineering.com>>
>
> W
> www.solutionsinengineering.com<http://www.solutionsinengineering.com/
> <http://www.solutionsinengineering.com%3chttp:/www.solutionsinengineering.com/>>
>
> Solutions in Engineering have implemented a NEW procedure in the way
> reports are amended
>
> At Solutions in Engineering we understand that while we deliver high
> quality, professional service reports minor edits to these reports may
> occasionally have to be made. We have now implemented an easier
> process to complete these amendments from go-to-whoa.
>
> *From:*Rob Willett [mailto:rob at robadda.com]
> *Sent:* Tuesday, January 06, 2015 5:55 PM
> *To:* ec at 200william.com <mailto:ec at 200william.com> ec at 200william.com
> <mailto:ec at 200william.com>
> *Subject:* [200William-EC SP67851] Sinking Fund budget
>
> Thanks a lot Ed, we realise how busy you are in your real job so the
> time you are spending sorting this through for us with your expertise
> is very gratefully appreciated. I am 100% on-board with you changing
> suppliers for any on-going reports. FYI, we have no contract or
> allegiance to Solutions in Engineering. So from my side, please feel
> free to do what you need to do. I expect the fellow EC members would
> have no issues with a new supplier.
>
> Many thanks Ed and Happy New Year,
>
> Regards, ROB
>
> cid:image001.jpg at 01D055FA.0577D9F0
>
> On 5 Jan 2015, at 5:47 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
>
>
>
> _______________________________________________
> EC mailing list
> EC at 200william.com
> http://200william.com/mailman/listinfo/ec
--
/* Matt Perkins
Direct 1300 137 379 Spectrum Networks Ptd. Ltd.
Office 1300 133 299 matt at spectrum.com.au
Level 6, 350 George Street Sydney 2000
PGP/GNUPG Public Key can be found at http://pgp.mit.edu
*/
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