Capital Works (sinking fund) Forecast vs budget

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  • 25/03/2019 at 2:23 pm #36585 Reply | Quote
    johnny red tips
    Flatchatter

      I’ve got an AGM coming up.

       

      The proposed Capital Works Fund (CWF) budget forecasts shows a balance at the end of the year of $190k. The CWF 10 year plan, drawn up in 2014) shows a balance of $670k (and increasing year on year)- due in the main to a lift upgrade costing ~$500k. As the Plan shows a balance increasing year on year the expenditure on the lifts can’t simply be an expenditure being brought forward from future years. Is there a requirement to actually keep (within reason) to the EOY balances as forecast in the Plan?

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    Reply To: Reply #36590 in Capital Works (sinking fund) Forecast vs budget
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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