Hi all. Set out below is the 2006 Budget for blocks 1-4 (totalling some 203,916 Euros, which is then divided by the 72 apartments in these blocks and futher aportioned by apartment size)
Article 28 states the Community year end is closed at the end of the natural year, a surplus or minus from the estimated budget (shown below) will result in a recalculation of the following years fees.
As phase 1 only completed half way through the year, one would expect the estimated 2006 budget costs to be halved (items such as garden maintenance, water, electricity, security, insurance etc) Other costs such as life guard (9,000 Euros) should be excluded and carried over as a community charge deduction for owners of blocks 1-4 for the following year as this item was paid for in community charges but not spent.
As additional blocks complete it would be very useful to know the itemised budget breakdowns of additional phases so that costs as a whole can be analised. I have not got the breakdown of the 2007 budget. Could someone post them here. Are these costs now split between newly completed blocks. Do the new members of phase 2 have the same estimated budget list? If not, could they also post them as I understand from my solicitor that phase 2 is completing in around 3 weeks.
2006 Budget... (all figures in Euros) As a UK Building Surveyor I have given brief comment on certain costs listed below and welcome comment on other costs outside my expertise. I have not yet seen the years accounts but am surprised to read that John only had a 128 Euro a quarter reduction. P.S. Does anyone know the date for this years community meeting with AEA?
General Maintenance 31,200 This seems a very high estimate considering the buildings are brand new, would expect this figure to be very low.
Building cleaning 35,784 2-3 opperatives for a day a week for six months. Have not as yet calculated what this contract would cost. Anyone got any accurate costs
Water 500.00 Figure seems low! considering the number of garden sprinklers
Electricity 3500
Security 42,000 27k a year for a night watchman seems a high budget estimate
Life guard 9,000
Sanitary Control 3,400 Dont know as yet what this includes
Lift maintenance 23,040 Estimate/contract seems very high for around a dozen new lifts
Lift telephone 3,300
AEA Admin 7,512 Have read negative message board notes about AEA. My solicitors comments were that they were very organised. Their ability to control contract costs, get value for money and provide adequate cost information is absolutely vital to all in DV. Communication about construction times seems poor though. The bottom pool was closed for 4 months for minor alterations instead of 30 days as stated and is still padlocked. No snagging seems to be done for communal areas as I can see many faults. Who is doing this for us???
Insurance 2,800
Purchase materials 1,000
Pool Maint 4,900
Garden Maint 30,600
TV & entry phones 1,000
Fire extinguisher maintenance 500.00
Office expenses 600.00
Bank expenses 400.00
Meeting expenses 1,000
Terms & conditions 1,160
Audit report 720.00
TOTAL 203.916
My gut feeling for the Audit figures (to the end of 2006) should be around a halving of the costs estimated (linking them to the completion date of phase one half way into the year), a massive reduction in the actual 2006 maintenance spend estimated at 31,200 and a closer look at the cleaning security and in particular the lift maintenance costs. I look forward to meeting with AEA and the rest of you at some point. I hope I have not missed this years meeting. Please post the date.
Hope this answers some residents questions.
Thats it for now, signing off. Andy