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Services > Sinking Fund Forecasts
Services | Body Corporate Management | Property Maintenance
WH&S Inspections | Sinking Fund Forecasts
Why are they Necessary? | Contents of a Forecast | How is it produced?
With a solid foundation and background of Body Corporate Management, Facility Management and production of over 1500 Forecasts on buildings ranging in size from two to over 700 lots, Strata Vision Group are able to provide the expertise required in the preparation and compilation of Sinking Fund Forecasts.
The Strata Vision approach is one of close consultation, detailed site inspection, understanding the requirements and a balanced outcome at a realistic cost.
Why are they Necessary ?
- Legislative requirement since 1997;
- Most items in a building have a life cycle and require replacement. Capital is needed to fund that replacement;
- An equitable way for all lot owners to provide sufficient funds to maintain the short and long term integrity of the property. Reduces the need to provide special levies; and
- Maintains the value of the asset.
How Should a Sinking Fund be Produced ?
- On site inspection;
- Discussions as appropriate with Body Corporate Committee Members, Body Corporate Managers, building contractors and any other relevant body to obtain correct information;
- Preparation of practical, workable spreadsheets linked to a cash flow budget which covers the required number of years; and
- Further discussions as required.
The contents of a Strata Vision Forecast:
- Cover page with photo of building;
- A Report Summary;
- A 15 year spreadsheet detailing all requirements;
- A 15 year cash flow table;
- A 15 year annual total contributions table;
- The first 5 years of individual lot contributions; and
- A summary of annual expenditure.
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