The sample data used in this presentation is intended for general use - - PowerPoint PPT Presentation

The sample data used in this presentation is intended for general use and not specific individual bodies corporate. Each body corporate needs to be investigated on its own merits.

WE PAY THOUSANDS OF DOLLARS IN BODY CORPORATE CONTRIBUTIONS BUT JUST WHAT IS THIS MONEY SPENT ON?

• Administration Fund
• Sinking Fund

“Where Does The Money Go?”

“Where Does The Money Go?”

Cleaning 9% Security 7% Electricity 10% Resident Manager 30% R&M Gardens & Grounds 4% Insurance 10% R&M Plant & Equipment 4% R&M Lifts 6% R&M Pool 3% Fire Control 4% R&M Building 6% Others 7%

GOLD COAST ADMIN FUND EXPENSES 2009-2012

Cleaning Security Electricity Resident Manager R&M Gardens & Grounds Insurance R&M Plant & Equipment R&M Lifts R&M Pool Fire Control R&M Building Others

“Where Does The Money Go?”

Cleaning 2% Security 1% Electricity 11% Resident Manager 46% R&M Gardens & Grounds 7% Rubbish Removal 0.3% R&M Plant & Equipment 1% R&M Lifts 4% R&M Pool 2% Fire Control 4% R&M Plumbing 0% Others 22%

BELOW 50 LOTS - ADMIN FUND EXPENSES

Cleaning Security Electricity Resident Manager R&M Gardens & Grounds Rubbish Removal R&M Plant & Equipment R&M Lifts R&M Pool Fire Control R&M Plumbing Others

“Where Does The Money Go?”

Cleaning 2% Security 1% Electricity 10% Resident Manager 41% R&M Building 7% R&M Gardens & Grounds 4% R&M Plant & Equipment 3% R&M Lifts 9% Pest Control 1% Fire Control 4% Insurance 13% Others 5%

50-100 LOTS - ADMIN FUND EXPENSES

Cleaning Security Electricity Resident Manager R&M Building R&M Gardens & Grounds R&M Plant & Equipment R&M Lifts Pest Control Fire Control Insurance Others

“Where Does The Money Go?”

Cleaning 2% Security 4% Electricity 11% Resident Manager 40% R&M Building 4% R&M Gardens & Grounds 3% R&M Plant & Equipment 3% R&M Lifts 6% Gas 7% Fire Control 4% Insurance 10% Others 6%

100-200 LOTS - ADMIN FUND EXPENSES

Cleaning Security Electricity Resident Manager R&M Building R&M Gardens & Grounds R&M Plant & Equipment R&M Lifts Gas Fire Control Insurance Others

“Where Does The Money Go?”

Cleaning 15% Security 11% Electricity 10% Resident Manager 21% R&M Building 6% R&M Gardens & Grounds 4% R&M Plant & Equipment 4% R&M Lifts 6% R&M Pool 4% Fire Control 3% Insurance 9% Others 7%

ABOVE 200 LOTS - ADMIN FUND EXPENSES

Cleaning Security Electricity Resident Manager R&M Building R&M Gardens & Grounds R&M Plant & Equipment R&M Lifts R&M Pool Fire Control Insurance Others

“Where Does The Money Go?”

Building 35% Lifts 4% Plant & Equipment 9% Counsultants Fees 1% Painting 21% Fire Control 4% Electrical 4% Pool 8% Security 2% Others 12%

GOLD COAST SINKING FUND EXPENSES 2009-2012

Building Lifts Plant & Equipment Counsultants Fees Painting Fire Control

“Where Does The Money Go?”

Building 27% Furniture/ Carpets 2% Plant & Equipment 4% Counsultants Fees 1% Painting 42% Gardens & Grounds 4% Electrical 7% Pool 7% Security 5% Others 1%

BELOW 50 LOTS - SINKING FUND EXPENSES

Items Building Furniture/ Carpets Plant & Equipment Counsultants Fees Painting Gardens & Grounds Electrical Pool Security Others

“Where Does The Money Go?”

Building 56% Roadways/ External/ Driveway 3% Plant & Equipment 3% Counsultants Fees 3% Painting 17% Gardens & Grounds 6% Plumbing 1% Pool 3% Security 1% Others 7%

50-100 LOTS - SINKING FUND EXPENSES

Building Roadways/ External/ Driveway Plant & Equipment Counsultants Fees Painting Gardens & Grounds Plumbing Pool Security Others

“Where Does The Money Go?”

Building 21% Fire Control 7% Plant & Equipment 13% Furniture/ Carpets 5% Painting 20% Gardens & Grounds 7% Plumbing 0.4% Pool 11% Security 2% Others 14%

100-200 LOTS - SINKING FUND EXPENSES

Building Fire Control Plant & Equipment Furniture/ Carpets Painting Gardens & Grounds Plumbing Pool Security Others

“Where Does The Money Go?”

Building 20% Fire Control 4% Plant & Equipment 15% Purchase of Assets 4% Painting 24% Lifts 8% Plumbing 3% Pool 12% Security 3% Others 7%

ABOVE 200 LOTS - SINKING FUND EXPENSES

Building Fire Control Plant & Equipment Purchase of Assets Painting Lifts Plumbing Pool Security Others

AS COMMUNITY MANAGERS, WE ARE OFTEN ASKED:

• 1. HOW DO I LOWER MY LEVIES?
• 2. ARE MY LEVIES HIGH COMPARED TO

OTHER BUILDINGS?

“Where Does The Money Go?”

“Where Does The Money Go?”

Bulk Elect. Cost $233,550 .00 58% Savings $171,073 .13 42%

STANDARD TARIFF COST - $ 404,623.13

Common Property

Bulk Elect. Cost $740,671 .64 69% Savings $329,535 .71 31%

STANDARD TARIFF COST - $ 1,070,207.35

Residential Units

BULK ELECTRICITY SUPPLIER v/s STANDARD TARIFF CHARGES BELOW 50 LOTS

“Where Does The Money Go?”

Bulk Elect. Cost $375,211 54% Savings $316,950 46%

STANDARD TARIFF COST - $ 692,161

Common Property

Bulk Elec. Cost $569,973 55% Savings $471,384 45%

STANDARD TARIFF COST - $ 1,041,358

Residential Units

BULK ELECTRICITY SUPPLIER v/s STANDARD TARIFF CHARGES 50 TO 100 LOTS

“Where Does The Money Go?”

Bulk Elect. Cost $488,925 54% Savings $418,045 46%

STANDARD TARIFF COST - $ 906,971

Common Property

Bulk Elec. Cost $981,251 54% Savings $842,906 46%

STANDARD TARIFF COST - $ 1,824,157

Residential Units

BULK ELECTRICITY SUPPLIER v/s STANDARD TARIFF CHARGES 100 to 200 LOTS

USER PAYS APPROACH

• Air Conditioning
• Water

“Where Does The Money Go?”

“ARE MY LEVIES HIGH COMPARED TO OTHER BUILDINGS?”

• Must compare Apples with Apples

“Where Does The Money Go?”

BODIES CORPORATE SHOULD :

• 1. SET A REALISTIC BUDGET
• 2. ENURE ALL REPORTS ARE UP TO DATE
• 3. ENGAGE WITH THE RESIDENT MANAGER AND BODY

CORPORATE MANAGER

• 4. INVESTIAGTE BULK UTILITY & RECOVERY OPTIONS
• 5. SETS BUDGETS THAT ENSURE OWNERS INVESTMENTS ARE

MAINTAINED.

“Where Does The Money Go?”

The sample data used in this presentation is intended for general use and not specific individual bodies corporate. Each body corporate needs to be investigated on its own merits.