Hi, Minh
I agree to Anne’s comments made on your financial report.
In particular, in the Income and Expenditure Account Report without any
breakdown on items:
1. General Cleaning And Lawns - $1,045,832.59;
2. Lifts and Telephone – $101,065.02;
3. Management Fees - $197,238.83;
4. Repair and Maintenance - $731,747.65;
5.Water Usage - $376,983.41 which is more than double of last year !!! As our
Strata Management, you did not make any query on this expenditure at all. How
can we trust you on our owners’ fund management ?
I am very disappointing to see this expenditures report.
Thank you for your attention.
Kim Wee
From: cpactiongroup-bounce@xxxxxxxxxxxxx
[mailto:cpactiongroup-bounce@xxxxxxxxxxxxx] On Behalf Of annesullivan3 ;
annesullivan3
Sent: Wednesday, 29 March 2017 9:50 AM
To: cpmanagement.strata@xxxxxxxxx
Cc: cpactiongroup@xxxxxxxxxxxxx
Subject: [cpactiongroup] AGM-Financial Report and Proxy Voting
Hi Minh,
I have received the AGM information. However the Financial report is
lacking in detail for Expenditure. Please supply a breakdown of the Headings
under Expenditure for the Admin and Sinking Fund, ie, General Cleaning and
Lawns and Repairs and Maintenance etc.
Also re the Proxy Voting I have spoken with Fair Trading and they have
informed me that your statement that each owner is only entitled to carry 1
Proxy Vote each is incorrect.
I refer you to the Strata Schemes Management Act 2015 No 50. Current
Version 6 January 2017. Schedule 1 Meeting procedures of owners corporation,
Division 2 Appointment of Proxies Item 26, sub section 7. This says that in a
Scheme the size of Centenary Park a person can hold 5% of Proxies, which
equates to approximately 40 Proxy Votes. (see attached)
Regards,
Anne
