› Flat Chat Strata Forum › Levies and Unit Entitlements › Levy Hike On New Capital Works Plan › Current Page
29/05/2019 at 8:33 am
#37862
Our Strata has been fairly generous in compiling our Capital Works Plan which we do over 10 rather than 5 years. We could see shortfalls and agreed a 10% compounding increase each year in sinking fund contributions. Not all forecasts have eventuated on time but can’t be dropped, just slipped into the future. This approach works in our Strata. Hope this helps.