[200WILLIAM-EC SP67851] Proposed Budget SP67851 23/24

[Matthew Guy]

Hi Ryan,

Wasn’t there $76k of levy revenue in March that caught it up a bit? End of March Admin balance was -$26k.

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Regards,

Matt G


On 24 Jul 2023, at 2:03 pm, Ryan | AscendCorp Strata <ryan at ascendcorpstrata.com.au> wrote:


Dear Committee,

Please see attached proposed budget for the current financial year for your scheme. Also attached is the actual financial expenditure as per documents received from previous management at handover.

As you will see, the scheme ran a large Administration Fund deficit last year financial of over $96K.

The proposed Administration fund income had been raised from $304,000.00 to $378,000.00 ($152k already levied) in order to arrest the currently deficient budgeted income and to cease further deficit at the conclusion of this financial year. Also, in order to erase the deficit from the previous year, a one-off special levy of $97,000.00 has been proposed as per the guidelines within the Act.

Please feel free to review this proposed budget, and forward any questions should you have any.


Kind regards,

RYAN WALMSLEY | MANAGING DIRECTOR

ASCENDCORP STRATA PTY LTD
P  02 9799 1111  |   E  ryan at ascendcorpstrata.com.au<mailto:ryan at ascendcorpstrata.com.au>   |   W www.ascendcorp.com.au<http://www.ascendcorp.com.au/>
PO Box 419 NORTH SYDNEY NSW 2059  |  A  609/100 Walker Street, NORTH SYDNEY NSW 2060

Liability limited by a scheme approved under Professional Standards Legislation.

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<FinancialPerformanceReport_67851 (1).pdf>
<as at 28th Feb 23.pdf>
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