Page  1 Sinking / Reserve Fund Management For Strata and Commercial Buildings.

Slides:



Advertisements
Similar presentations
Home Compliance ESIS Approved Partner Obligations About ESIS Confirm ….helping owners comply How ESIS Works Partner Services Contact Us Exit ESIS Set Up.
Advertisements

DEVELOPMENT OF THE NATIONAL ELECTRONIC CONVEYANCING SYSTEM A Progress Report By Simon Libbis Executive Director.
Murdoch University RISK MANAGEMENT Senate Induction.
Free data that helps you Australian Business Register.
Accounting – Not Just Numbers From RMIT to NZX Limited, my Journey Nasir Ali RMIT graduate.
COMMUNITY ASSOCIATION BUDGETING DeLeon & Stang, CPAs and Advisors Allen P. DeLeon, CPA Janet Gorden, CPA LUNCH-N-LEARN.
Decriminalised Parking Enforcement in Wrexham County Borough Peter Lowe RTA Associates Ltd. 31 st January 2008.
Service Charge Calculation Strategy MEFMA Focus Group 2.
Department of Environmental Conservation
Page  1 Owners Corporation Maintenance Plan For Strata and Commercial Buildings.
Resourcing Strategy 10 years Operational Plan Delivery Program 4 years Community Strategic Plan 10 years + Annual Report LEP.
How to communicate an Annual Stock Report
Driftwood Key Club Financial Presentation.
CAR CLUBS, POOL CARS & THE GREY FLEET Dumfries & Galloway Council Peter McCormick Integrated Transportation & Commissioning.
LM Investment Management Ltd – Responsible Entity & Australian Financial Services Licensee No LM Investment Management Ltd ABN Australia’s.
The Green Army Programme Community Information Sessions August 2015.
GASB 34: Asset Management and GIS Jarrod Gerbaud Hansen Information Technologies.
NATIONAL ELECTRONIC CONVEYANCING Australia’s joint government and industry initiative to create an efficient and convenient way of completing property.
Viticulture– Electricity procurement Site / company name and logo here This is an AgriFood Skills Australia Ltd project developed in partnership with Energetics.
©Velg Training 2013 AIS NSW VET Network Day 15 th July 2013 Tamara Simon Velg Training.
Strata Corporation Depreciation Reports Presenter: Grant Haddock RE/MAX NORTH VANCOUVER March 5, 2012.
Developments in accounting for assets
Office of Facilities Deferred Maintenance UTSA Strategic Resource Planning Council Deferred Maintenance UTSA Strategic Resource Planning Council March.
Reserve Study A Short and Long Term Budgetary Planning Vehicle
Page  1 Safety Management For Strata and Commercial Buildings.
Development and Construction of On- Shore Windfarms Andrew Aveyard Green Cat Renewables Jim Wilkinson CA Blackwells.
Page  1 Tax Depreciation For Strata and Commercial Buildings.
ASQA The National VET Regulator Mr Jerzy Gill Regional Manager Compliance 25 July 2012.
Queensland University of Technology CRICOS No J Health Complaints Commissions in Australia: Time for a National Approach to Data Collection Merrilyn.
BROKENHEAD COMMUNITY SUSTAINABLE HOUSING INITIATIVE OCT. 6,
Page  1 Insurance Valuation Management For Strata and Commercial Buildings.
FINANCIAL RISK and CORPORATE GOVERNANCE. LEGAL Inform HMRC – real time information VAT submissions, exemptions, capital goods Incur Expenditure without.
Draft Annual Report Year ended 30 June Operating result Operational result on budget $700,000 better than forecast We have spent what we said we.
Capital Reserves. What are Capital Reserves? A separate account set up by the Association to fund large, non-annual repairs – Stormwater pond repair,
Transaction Documents and Process
Privacy in the Workplace Roland Hassall, Partner Date: 12 November 2015.
Sister City Relationships between Australia and Japan
Food Waste. Cost of household food waste in Australia and New Zealand Cost of food waste per HH Cost of food waste per person Average HH size NSW $
Page  1 Splendid Concreting & Construction Implements ISO 9000 Quality Management Systems P: F: W: E:
© CT Management Group Pty Ltd 2015 Municipal Association of Victoria Rate Cap Forum 25 th November 2015 Ian Mann CT Management Group
Page  1 Asbestos Management For Strata and Commercial Buildings.
Page  1 Medical Designs Implements ISO 9000 Quality Management Systems P: F: W: E:
1 Develop Policy & Procedures for the: Maintenance & Repairs of Property and Plant Establish & implement systems to monitor condition of assets THHGGA08B.
Charity Accounts in 2012 Understanding your Obligations Kenny McDowell – Head of Charities & Education Group Euan Morrison – Audit Manager 10 November.
Peter Canavan National Manager, Apprenticeship Project.
Training Package Update VISTA Melbourne – February 2014 Fraser Nelson Promoting productivity, sustainability and strategic workforce development in manufacturing.
Building community trust and protecting public safety: the Australian national registration of Chinese medicine practitioners Prof Charlie Xue Chair, Chinese.
A Risk Based Approach to Asset Management of Alcoa’s Civil Infrastructure in WA Presented by DENNIS FOO, Industrial Maintenance Roundtable ( IMRt )
City of Burlington Planning Applications Fees Review Community Development Committee Presentation January 14, 2013.
Insurance is an investment and protection plan which takes care of you in your difficult times. The various policies offered by such companies cater to.
AUS-SPEC 2011 Benchmark Survey Richard Choy CEO NATSPEC // Construction Information 2011 IPWEAQ State Conference.
Treasurers’ Day 25 th September DBF BUDGET.
Page  1 Mr Fluffy Highlights the risk of Asbestos.
NDIS CHAMPIONS: The National Disability Insurance Scheme (NDIS)
Corporations and Trusts Law Chapter 9
Representing the Project Development Team
7.4 Control Costs The process of monitoring the status of the project costs and managing changes to the cost baseline. Involves updating the project budget.
PUBLIC MEETING 2017 Water and Sewer Budget December 13th, 2016.
Chapter 16 Accounts and Reporting
NEW DEVELOPMENTS IN THE STATE AUDIT OFFICE OF THE REPUBLIC OF LATVIA
Chapter 7 Associations.
Accounting and Finance Unit 4
Representing the Project Development Team
Proposed 2018 Budget Truth In Taxation Hearing December 5, 2017
History & Current Challenges
SAFE POWER LINE WORKING DISTANCES

PRESIDENT’S ANNUAL REPORT FOR 2018
Welcome To Fairway Greens 2016 Annual General Meeting
Thank you for joining The webinar will begin shortly
Presentation transcript:

Page  1 Sinking / Reserve Fund Management For Strata and Commercial Buildings

Page  2 What is a Sinking / Reserve Fund Definition A detailed and comprehensive estimate of the councils corporate’s sinking fund expenditure for the scheme’s 10 financial years that must include an estimate for the repainting of common property and of buildings that are Councils corporate assets. Thoughts Think of it as a servicing schedule for your car, with services in years rather that kilometres.

Page  3 HISTORY OF SINKING FUNDS IN AUSTRALIA QLD – Sinking Fund Forecast Introduced 1987 NSW – Sinking Fund Plan Introduced 2004 to 2006 ACT – Sinking Fund Forecast introduced 2009 VIC – 2009,Over $200,000 Turnover or 100 Units in size, Trends with Smaller schemes are increasing. Called a Maintenance Plan, is to be reviewed annually. WA, SA, NT – Reserve Fund Forecast -No Legal Requirement’s

Page  4 Case Study The Complex 56 Units Not Maintained for 20 Years Building Cracking and Needs Repair Complex under insured Complex needs painting, Pool Needs attention Retaining walls falling down Pipework issues

Page  5 Independent Inspections /FWR Group Pty Ltd Independent Inspections Pty Ltd Mr. Peter Greenham Qualifications: -Diploma of Civil Engineering -Associate Diploma of Laboratory Operations -Diploma of Quality Management -Diploma of Business -Lead Environmental Auditor -Diploma of workplace training and Assessment -NATA Assessor Your Auditors and Trainers P: F: Team Mr. Sydney Lue M: Mr. Peter Greenham M: