A Sinking Fund budget must allow for raising a reasonable capital amount both to provide for necessary and reasonable spending from the Sinking Fund for the financial year and also to put away an appropriate proportional share of amounts necessary to be accumulated to meet anticipated major expenditure over at least the next 9 years for the following types of expenditure:
1. Anticipated expenditure of a capital or non-recurrent nature (e.g. repainting, major structural repairs)
2. Periodic replacement of items of a significant capital nature (e.g. fencing, pool pumps, carpets, etc.)
3. Other expenditure that should reasonably be met from capital (e.g. pool furniture, BBQ’s etc.)
We provide you with 15-year Sinking Fund Forecasts that meet all obligations of the Body Corporate and Community Management Regulations.
practicable and affordable solutions across a range of streams including
Work Health & Safety
Sinking Fund Forecasts
Tax Depreciation Schedules
Latest Compliance News
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The Queensland Fire and Emergency Services (QFES) is currently in the process of issuing the Annual Alarm Management Charge (AMC) for the 2019-20 financial year.
The inspection of main switchboards and testing of communal safety switches is something that we too often see has been overlooked by strata building owners.