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.

“Where Does The Money Go?” 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?” GOLD COAST ADMIN FUND EXPENSES 2009-2012 R&M Gardens & Grounds 4% Cleaning Resident Manager 30% Electricity Security 10% Electricity Security Resident Manager 7% R&M Gardens & Grounds Insurance Insurance 10% Cleaning 9% R&M Plant & Equipment R&M Lifts Others R&M Lifts 7% R&M Pool 6% Fire Control R&M Plant & R&M Building Equipment 4% Others R&M Pool Fire Control R&M Building 3% 4% 6%

“Where Does The Money Go?” BELOW 50 LOTS - ADMIN FUND EXPENSES Security Cleaning 1% Cleaning Electricity 2% Security 11% Electricity Others Resident Manager 22% Resident Manager R&M Gardens & Grounds 46% Rubbish Removal R&M Plant & Equipment R&M Lifts R&M Plumbing R&M Pool 0% Fire Control Fire Control R&M Pool 4% 2% R&M Plumbing R&M Gardens & Grounds R&M Lifts Others 7% 4% R&M Plant & Equipment Rubbish Removal 1% 0.3%

“Where Does The Money Go?” 50-100 LOTS - ADMIN FUND EXPENSES Cleaning Security Resident Manager 41% Electricity Security Electricity 1% 10% Resident Manager Cleaning R&M Building 2% R&M Gardens & Grounds R&M Building Others 7% R&M Plant & Equipment 5% Insurance 13% R&M Lifts R&M Lifts Pest Control 9% Fire Control R&M Gardens & Grounds Insurance 4% Pest Control Others Fire Control 1% R&M Plant & Equipment 4% 3%

“Where Does The Money Go?” 100-200 LOTS - ADMIN FUND EXPENSES Cleaning Security Electricity 11% Security Electricity Resident Manager 4% 40% Cleaning Resident Manager 2% Others R&M Building 6% R&M Gardens & Grounds Insurance R&M Plant & Equipment 10% R&M Lifts Gas R&M Lifts Gas 7% 6% R&M Building Fire Control 4% Fire Control Insurance R&M Gardens & Grounds 4% 3% R&M Plant & Equipment Others 3%

“Where Does The Money Go?” ABOVE 200 LOTS - ADMIN FUND EXPENSES R&M Pool Fire Control Cleaning 4% 3% Others Insurance R&M Lifts Security 7% 9% Cleaning 6% 15% Electricity R&M Plant & Resident Manager Equipment 4% Security R&M Building 11% R&M Gardens & Grounds R&M Plant & Equipment R&M Electricity Gardens & 10% R&M Lifts Grounds Resident Manager 4% R&M Pool 21% R&M Building 6% Fire Control Insurance Others

“Where Does The Money Go?” GOLD COAST SINKING FUND EXPENSES 2009-2012 Security Others 2% 12% Building Pool Building 35% 8% Electrical Lifts 4% Plant & Equipment Counsultants Fire Control 4% Fees Painting Painting Plant & Equipment 21% 9% Fire Control Lifts 4% Counsultants Fees 1%

“Where Does The Money Go?” BELOW 50 LOTS - SINKING FUND EXPENSES Gardens & Grounds 4% Painting Items 42% Building Furniture/ Carpets Counsultants Plant & Equipment Electrical Fees 7% 1% Counsultants Fees Pool Painting Plant & 7% Equipment Gardens & Grounds 4% Building Electrical Furniture/ Carpets 27% 2% Pool Security Security 5% Others Others 1%

“Where Does The Money Go?” 50-100 LOTS - SINKING FUND EXPENSES Plumbing Security Pool 1% 1% 3% Others Gardens & Building 7% Grounds Roadways/ External/ Driveway 6% Plant & Equipment Counsultants Fees Painting 17% Building Painting 56% Gardens & Grounds Plumbing Pool Counsultants Fees Security 3% Plant & Equipment Others 3% Roadways/ External/ Driveway 3%

“Where Does The Money Go?” 100-200 LOTS - SINKING FUND EXPENSES Others Security Building 14% Building 2% 21% Fire Control Pool Plant & Equipment 11% Fire Control Furniture/ Carpets 7% Plumbing 0.4% Painting Plant & Equipment Gardens & Grounds 13% Plumbing Gardens & Painting Grounds Pool 20% 7% Security Others Furniture/ Carpets 5%

“Where Does The Money Go?” ABOVE 200 LOTS - SINKING FUND EXPENSES Security 3% Others Building 7% Building 20% Pool 12% Fire Control Fire Control Plant & Equipment Plumbing 4% 3% Purchase of Assets Lifts Plant & Equipment Painting 8% 15% Lifts Plumbing Painting Pool 24% Security Others Purchase of Assets 4%

“Where Does The Money Go?” 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?” BULK ELECTRICITY SUPPLIER v/s STANDARD TARIFF CHARGES BELOW 50 LOTS Common Property Residential Units STANDARD TARIFF COST - $ 404,623.13 STANDARD TARIFF COST - $ 1,070,207.35 Savings Savings Bulk $329,535 Bulk Elect. .71 Elect. $171,073 Cost Cost .13 31% $233,550 42% .00 $740,671 .64 58% 69%

“Where Does The Money Go?” BULK ELECTRICITY SUPPLIER v/s STANDARD TARIFF CHARGES 50 TO 100 LOTS Common Property Residential Units STANDARD TARIFF COST - $ 1,041,358 STANDARD TARIFF COST - $ 692,161 Savings Bulk Bulk Savings Elec. Elect. $471,384 Cost Cost $316,950 $569,973 45% $375,211 46% 55% 54%

“Where Does The Money Go?” BULK ELECTRICITY SUPPLIER v/s STANDARD TARIFF CHARGES 100 to 200 LOTS Common Property Residential Units STANDARD TARIFF COST - $ 906,971 STANDARD TARIFF COST - $ 1,824,157 Bulk Bulk Savings Savings Elec. Elect. Cost Cost $842,906 $418,045 $981,251 46% $488,925 46% 54% 54%

“Where Does The Money Go?” 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.

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.