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SINKING FUND FORECAST
THE SCARBOROUGH GRANDat
113 LANDSBOROUGH AVENUE SCARBOROUGH
Plan No. 48492
L&P Job No. 15260/62144
Prepared by L&P Quantity Surveyor
Blake Rooney BAppSc(QS), AIQS(Affil.)
Printed: 13 April 2018
LEARY & PARTNERS PTY LTDABN 010 134 148
Quantity Surveyors
Asset Management Consultants
Taxation Depreciation Consultants
Registered Tax Agent 53798007
Telephone 1800 808 991
www.leary.com.au
©Leary & Partners Pty Ltd 2018
SINKING FUND FORECAST Leary & Partners Pty Ltd
SUMMARY OF CONTRIBUTIONS
15 YEAR PLAN 15 YEAR FORECAST: Starting April 2018for
THE SCARBOROUGH GRAND 48492Prepared by Leary & Partners Pty Ltd - Job No. 15260
Dated : 22 March 2018
Fund Balance @ April 2018: $124,500.00
For the 12 month
period ending
Total
Contributions+
Expected
RequirementsFund Balance* Interest less Tax
31/03/2019 $217,608 $21,096 $324,131 $3,119
31/03/2020 $226,313 $21,201 $535,216 $5,974
31/03/2021 $235,365 $30,484 $749,024 $8,927
31/03/2022 $244,780 $49,165 $956,494 $11,856
31/03/2023 $254,571 $32,552 $1,193,458 $14,945
31/03/2024 $264,754 $70,294 $1,405,987 $18,070
31/03/2025 $275,344 $42,080 $1,660,568 $21,317
31/03/2026 $286,358 $172,577 $1,798,393 $24,044
31/03/2027 $297,812 $579,983 $1,539,424 $23,202
31/03/2028 $309,724 $350,457 $1,519,959 $21,267
31/03/2029 $322,113 $207,275 $1,656,881 $22,083
31/03/2030 $334,998 $428,221 $1,586,202 $22,544
31/03/2031 $348,398 $276,248 $1,681,063 $22,712
31/03/2032 $362,334 $1,445,231 $614,121 $15,955
31/03/2033 $376,827 $938,572 $57,041 $4,665
*This balance includes interest earned on the fund balance and tax payable on these earnings.
We were advised that this scheme is registered for GST.
+GST needs to be added to the Total Contributions when levying the residents
Expected Inflation 4.00%
Contingency 10.00%
Interest 2.00%
Taxation 30.00%
Summary of Requirements : Page 2 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
PREAMBLE CLAUSES
1.00 PURPOSE OF SINKING FUND FORECAST
The purpose of this report is to enable the body corporate to make adequate monetary
provision for future common property replacements and major repair items, in accordance
with the requirements of the relevant legislation.
2.00 LEGISLATION
This survey has been prepared with reference to the Body Corporate and Community Management
Act 1997. It does not take into account the impact of future changes to this legislation or to other
relevant legislation (eg. The Work Place Health and Safety Legislation).
3.00 THE GOODS AND SERVICES TAX
All cost estimates contained in Section 2 of this report include an allowance for GST.
If the body corporate is a registered entity for GST puposes, allowance has been made for the
fact that the body corporate will be entitled to claim GST tax credits.
The contributions displayed in this report do not include the GST payable by the body corporate
on all levies. A 10% allowance for GST should be added to the contributions displayed before
levying lot owners.
4.00 BASIS OF FORECAST
Expenses have been forecast in line with the standard requirements for a building of this nature and
assume a typical level of usage and maintenance.
The cost allowances in this report are our best estimate of the likely future costs, based on the
information available to us at this date. These cost estimates may be impacted by factors that
cannot be reasonably foreseen at this time. Common examples of such factors include unusual
market conditions at the time of the works, associated remedial works being required, special
access or scaffolding being required or the body corporate choosing to vary the repaired
or replaced infrastructure. Further, when competitive quotes are sought, there is normally a variation
between the quoted prices.
For these reasons we recommend that the body corporate obtain competitive quotes for major
work items (including the external painting) at least twelve months in advance of the forecast work
date.
5.00 STRUCTURAL DEFECTS AND REFURBISHMENTS
This is not a structural report and does not cover expenditure that occurs either directly or
indirectly as a result of structural defects. It does not cover expenditure as a result of accidental
damage. An asbestos detection survey has not been undertaken and no allowance has been made
for removal of asbestos.
Refurbishments undertaken for reasons other than physical obsolescence have not been included
apart from where the body corporate has provided us with budgeted costs. Physical obsolescence
is the basis by which the remaining and overall lives have been investigated. No allowance has
been made for economic, functional, technological, social, and legal obsolescence.
6.00 ADMINISTRATIVE BUDGET ITEMS NOT INCLUDED
The cost of maintenance contract items normally included in the Administrative budget have not
been included in this forecast.
7.00 CONTRIBUTION SCHEDULE
The "Contributions Optimisation Chart" in Section 3 grap4s how the contribution scheme relates to
the expected requirements and the sinking fund balances over the full forecast period. When
calculating the contributions we :
- ensure that there are always sufficient funds to meet the forecast requirements.
- try to achieve a steadily increasing contribution scheme.
- ensure that the body corporate is not unduly contributing funds.
Preambles : Page 3 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
- investigate the expected requirements over the full forecast period, not just the first ten years.
The contributions shown in italics in Section 3 are draft figures only which should be reviewed on
an annual basis to take into consideration actual expenses incurred, the actual sinking fund
balance and additions or changes to the building.
8.00 OPENING SINKING FUND BALANCE
The sinking fund balance used in the forecast is the last known balance shown in the
body corporate records.
9.00 CONTINGENCY
The contingency sum has been included to allow for unforeseen expenses that may occur during
the life of this forecast.
10.00 FORECAST PERIOD
This report is calculated to run from the date stated on the cover page, in twelve-month periods.
11.00 EXPLANATION OF ABBREVIATIONS
The sinking fund forecast uses the following abbreviations :
FR: First Replacement
RC: Replacement Cycle
12.00 PLAN AND FORECAST PERIOD
12.01 The term 'plan', shown on the first page of this report, refers to the period for which levies
have been calculated.
12.02 The term 'forecast', shown on the first page of this report, refers to the period of time over
which maintenance and repair costs are assessed.
12.03 This report includes only work items that are expected to occur during the report forecast period.
Items of work expected to occur at a date further into the future will be added at a later date as part
of the ongoing forecast update process.
13.00 INSPECTION INFORMATION
Please note the following information relating to this forecast.
13.01 Our report is based on the following :
- data collected on site at the date of inspection
13.02 The survey has been prepared with reference to the plan .
Supplementary architectural drawings were not provided during the survey preparation.
13.03 The recommendations in this report are based on a visual inspection of the development undertaken
from the ground level and accessible building areas. No physically destructive or intrusive testing
was carried out.
13.04 An allowance has been made to paint only the previously painted surfaces including external
surfaces extending into lot boundaries.
13.05 The allowance for painting does not include for special hoarding or other special safety provision
that may be a requirement of the local council.
13.06 It has been assumed that the lift plant & equipment is covered by a comprehensive service agreement.
Please inform our office if this is not the case.
13.07 The item included in the forecast for the replacement of underground pipework is a contingency
allowance only. The location of the pipework and its condition were unable to be determined.
13.08 Assuming materials and workmanship were of a reasonable standard during construction, some
infrastructure items should only require partial ongoing replacement or repair during the forecast
period. For these items, an estimated percentage of the total quantity/cost has been used to allow
for the partial replacement or repair of these items. (This allowance may change in future forecasts
to reflect a greater maintenance requirement during those future periods.)
Preambles : Page 4 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
For some other items we may have allowed to repair/replace a percentage of an item or items on a
progressive basis (for example, light fittings) if it is reasonable to assume that all of the item or
items will not be repaired or replaced at the same time.
- replacing door hardware
- replacing ventilation fans and motors
- replacing light fittings
- replacing exposed internal ductwork
- replacing dks card readers
- replacing fire detectors
- replacing emergency light fittings
- replacing fire extinguisher
- replacing fire hose reel and nozzle
- replacing window hardware
- replacing brick lights
- replacing quarry tiles
- replacing membrane to podium slab
- replacing membrane to planter boxes
- replacing underground pipework
- replacing aluminium landscape fences
- replacing downpipes
We recommend the status of these items be reviewed at regular intervals.
13.09 This forecast includes allowances for shared facility items as per the Building Management
Statement. The shared facilities line items will be identified by "(SF)" in the description.
The costs shown for these line items are for the residential share of the total cost.
Preambles : Page 5 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
EXPECTED REQUIREMENTS FR RC
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
Item Area Description Unit Qty. Rate Yrs Yrs 31/03/19 31/03/20 31/03/21 31/03/22 31/03/23 31/03/24 31/03/25 31/03/26 31/03/27 31/03/28
1 2 3 4 5 6 7 8 9 10
#1 Basement Repaint carpark line markings m 900 2 5 6 2,009
#2 Basement Replace door hardware (approx. 5%) No. 1 452 6 2 561 607 657
#3 Basement Replace stormwater pump (SF) No. 2 2,969 7 9 7,670
#4 Basement Replace ventilation fans and motors (SF) (approx. 25%) No. 1 3,346 7 7 4,322
#5 Basement Replace basement shutter/gate auto. motor (SF) (1 of 3) No. 1 2,059 7 9 2,660
#6 Basement Paint common basement areas m2 739 13 8 10 13,291
#7 Basement Replace light fittings (SF) (approx. 10%) No. 17 264 8 2 6,030 6,522
#8 Basement Replace C0 monitoring system (SF) Item 3,370 8 10 4,527
#9 Basement Replace fire jacking pump (SF) No. 2 2,039 10 12 5,924
#10 Basement Replace exposed internal ductwork (SF) (approx. 30%) m2 20 180 11 12
#11 Basement Replace basement shutter door (SF) No. 2 8,222 13 14
#12 Basement Refurbish common bathroom amenities (SF) Item 14,040 13 15
#13 Basement Replace water supply booster pumps No. 3 20,000 14 15
#14 Basement Overhaul fire booster pumps (SF) No. 2 3,604 18 20
#15 Building Replace DKS card readers (approx. 20%) No. 5 436 1 3 2,226 2,504 2,817 3,169
#16 Building Replace fire detectors (SF) (approx. 20%) No. 38 212 3 5 8,898 10,826
#17 Building Replace emergency light fittings (approx. 20%) No. 81 220 4 5 20,464 24,898
#18 Building Replace fire extinguisher (approx. 20%) No. 4 220 4 5 1,011 1,230
#19 Building Replace security PC (SF) Item 2,340 6 8 2,906
#20 Building Replace CCTV DVRs & monitors Item 1,980 8 8 2,660
#21 Building Paint building facade m2 12,868 32 9 10 572,770
#22 Building Replace CCTV cameras No. 28 649 10 10 26,405
#23 Building Replace MATV system components Item 10,480 11 13
#24 Building Replace floor scrubber Item 10,000 11 12
#25 Building Replace general building signage Item 5,000 12 14
#26 Building Maintain balustrade to units m 169 447 13 10
#27 Building Replace fire hose reel and nozzle (SF) (approx 20%) No. 3 626 13 10
#28 Building Replace window hardware (approx 20%) No. 115 88 14 5
#29 Building Replace automatic meter reading equipment Item 7,500 14 15
#30 External Replace brick lights (approx. 30%) No. 14 217 5 7 3,637
#31 External Replace outdoor furniture Item 10,000 6 8 12,421
#32 External Replace synthetic grass surfacing m2 299 71 8 10 28,397
#33 External Replace BBQ No. 1 2,750 8 10 3,694
#34 External Replace light fittings (approx. 10%) No. 2 204 8 2 548 593
#35 External Replace quarry tiles (approx. 10%) m2 104 355 10 5 53,584
#36 External Replace ceiling fan to gazebo No. 2 375 10 12 1,090
#37 External Replace intercom system Item 82,500 11 13
#38 External Replace membrane to podium slab (approx. 15%) m2 398 90 12 5
#39 External Replace membrane to planter boxes (approx. 15%) m2 299 90 12 5
#40 External Replace letterboxes Item 13,200 13 15
#41 External Replace underground pipework (approx. 20%) Item 10,473 13 15
#42 External Refurbish common kitchenette amenities Item 8,000 13 15
#43 External Replace aluminium landscape fences (approx 20%) m 26 145 14 5
#44 Lifts Replace lift components (Stage 1) No. 4 140,000 14 15
#45 Lifts Replace lift carriage interior (Stage 1) No. 4 22,000 14 15
Requirements : Page 6 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
EXPECTED REQUIREMENTS FR RC
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
Item Area Description Unit Qty. Rate Yrs Yrs 31/03/19 31/03/20 31/03/21 31/03/22 31/03/23 31/03/24 31/03/25 31/03/26 31/03/27 31/03/28
1 2 3 4 5 6 7 8 9 10
#46 Lifts Replace lift components (Stage 2) No. 3 140,000 15 15
#47 Lifts Replace lift carriage interior (Stage 2) No. 3 22,000 15 15
#48 Main foyers Paint internally m2 1,330 19 6 8 31,345
#49 Main foyers Replace door hardware (approx. 5%) No. 1 452 6 2 561 607 657
#50 Main foyers Maintain floor tiles m2 50 171 8 10 11,490
#51 Main foyers Replace light fittings (approx. 10%) No. 9 153 8 2 1,849 2,000
#52 Main foyers Replace air curtain No. 4 2,500 10 12 14,531
#53 Main foyers Replace split system air conditioner No. 7 2,900 11 12
#54 Main foyers Replace fire indicator / EWIS panels (SF) No. 1 56,160 14 15
#55 Pool Replace spa blower No. 1 1,416 2 4 1,503 1,759 2,057
#56 Pool Replace pool/spa pump (2 of 5) No. 2 880 3 2 1,943 2,102 2,274 2,459
#57 Pool Replace electric heat pump No. 1 5,664 4 5 6,504 7,913
#58 Pool Replace automatic chlorinators No. 2 1,473 5 7 3,518
#59 Pool Replace spa sand filter No. 1 1,650 10 12 2,398
#60 Pool Replace pool sand filter No. 2 5,500 12 14
#61 Pool Refurbish bathroom amenities Item 12,000 13 15
#62 Pool Replace pebblecrete finish to pool surface m2 444 100 14 14
#63 Pool Replace underwater light fittings No. 6 566 14 14
#64 Pool Replace FC HardieDeck to pool surround m2 263 119 15 18
#65 Roof Replace painted roof membrane (Stage 1) m2 1,574 98 10 12 225,188
#66 Roof Replace painted roof membrane (Stage 2) m2 1,578 98 12 12
#67 Roof Replace television aerial No. 2 855 13 15
#68 Roof Replace downpipes (approx. 10%) m 31 127 15 5
#69 Roof Maintain metal roof sheeting m2 210 11 15 10
#70 Roof Replace eaves gutters m 20 58 15 18
#71 Stairwells Replace door hardware (approx. 5%) No. 4 452 6 2 2,246 2,429 2,627
#72 Stairwells Replace light fittings (approx. 10%) No. 7 242 8 2 2,280 2,466
#73 Typical lobbies Paint internally m2 2,654 19 8 10 67,652
#74 Typical lobbies Replace light fittings (approx. 10%) No. 26 153 8 2 5,342 5,777
#75 Typical lobbies Replace curtains Item 14,000 12 14
#76 Typical lobbies Maintain floor tiles m2 60 171 12 10
#77 Tax credit claim for GST component -2,110 -2,120 -3,048 -4,917 -3,255 -7,029 -4,208 -17,258 -57,998 -35,046
Contingency Contingency 20,979 21,818 22,691 23,599 24,543 25,524 26,545 27,607 28,711 29,860
Total 21,096 21,201 30,484 49,165 32,552 70,294 42,080 172,577 579,983 350,457
Requirements : Page 7 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
EXPECTED REQUIREMENTSItem Area Description
#1 Basement Repaint carpark line markings
#2 Basement Replace door hardware (approx. 5%)
#3 Basement Replace stormwater pump (SF)
#4 Basement Replace ventilation fans and motors (SF) (approx. 25%)
#5 Basement Replace basement shutter/gate auto. motor (SF) (1 of 3)
#6 Basement Paint common basement areas
#7 Basement Replace light fittings (SF) (approx. 10%)
#8 Basement Replace C0 monitoring system (SF)
#9 Basement Replace fire jacking pump (SF)
#10 Basement Replace exposed internal ductwork (SF) (approx. 30%)
#11 Basement Replace basement shutter door (SF)
#12 Basement Refurbish common bathroom amenities (SF)
#13 Basement Replace water supply booster pumps
#14 Basement Overhaul fire booster pumps (SF)
#15 Building Replace DKS card readers (approx. 20%)
#16 Building Replace fire detectors (SF) (approx. 20%)
#17 Building Replace emergency light fittings (approx. 20%)
#18 Building Replace fire extinguisher (approx. 20%)
#19 Building Replace security PC (SF)
#20 Building Replace CCTV DVRs & monitors
#21 Building Paint building facade
#22 Building Replace CCTV cameras
#23 Building Replace MATV system components
#24 Building Replace floor scrubber
#25 Building Replace general building signage
#26 Building Maintain balustrade to units
#27 Building Replace fire hose reel and nozzle (SF) (approx 20%)
#28 Building Replace window hardware (approx 20%)
#29 Building Replace automatic meter reading equipment
#30 External Replace brick lights (approx. 30%)
#31 External Replace outdoor furniture
#32 External Replace synthetic grass surfacing
#33 External Replace BBQ
#34 External Replace light fittings (approx. 10%)
#35 External Replace quarry tiles (approx. 10%)
#36 External Replace ceiling fan to gazebo
#37 External Replace intercom system
#38 External Replace membrane to podium slab (approx. 15%)
#39 External Replace membrane to planter boxes (approx. 15%)
#40 External Replace letterboxes
#41 External Replace underground pipework (approx. 20%)
#42 External Refurbish common kitchenette amenities
#43 External Replace aluminium landscape fences (approx 20%)
#44 Lifts Replace lift components (Stage 1)
#45 Lifts Replace lift carriage interior (Stage 1)
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
31/03/29 31/03/30 31/03/31 31/03/32 31/03/33
11 12 13 14 15
2,542
710 768
5,688
7,054 7,629
5,448
26,879
22,948
101,992
3,564
13,171
30,292
1,496
3,978
15,837
15,112
7,858
123,598
3,067
17,140
12,749
4,785
16,999
641 693
65,193
124,672
56,437
42,399
21,575
17,118
13,076
6,408
951,929
149,589
Requirements : Page 8 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
EXPECTED REQUIREMENTSItem Area Description
#46 Lifts Replace lift components (Stage 2)
#47 Lifts Replace lift carriage interior (Stage 2)
#48 Main foyers Paint internally
#49 Main foyers Replace door hardware (approx. 5%)
#50 Main foyers Maintain floor tiles
#51 Main foyers Replace light fittings (approx. 10%)
#52 Main foyers Replace air curtain
#53 Main foyers Replace split system air conditioner
#54 Main foyers Replace fire indicator / EWIS panels (SF)
#55 Pool Replace spa blower
#56 Pool Replace pool/spa pump (2 of 5)
#57 Pool Replace electric heat pump
#58 Pool Replace automatic chlorinators
#59 Pool Replace spa sand filter
#60 Pool Replace pool sand filter
#61 Pool Refurbish bathroom amenities
#62 Pool Replace pebblecrete finish to pool surface
#63 Pool Replace underwater light fittings
#64 Pool Replace FC HardieDeck to pool surround
#65 Roof Replace painted roof membrane (Stage 1)
#66 Roof Replace painted roof membrane (Stage 2)
#67 Roof Replace television aerial
#68 Roof Replace downpipes (approx. 10%)
#69 Roof Maintain metal roof sheeting
#70 Roof Replace eaves gutters
#71 Stairwells Replace door hardware (approx. 5%)
#72 Stairwells Replace light fittings (approx. 10%)
#73 Typical lobbies Paint internally
#74 Typical lobbies Replace light fittings (approx. 10%)
#75 Typical lobbies Replace curtains
#76 Typical lobbies Maintain floor tiles
#77 Tax credit claim for GST component
Contingency Contingency
Total
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
12 mths
ending
31/03/29 31/03/30 31/03/31 31/03/32 31/03/33
11 12 13 14 15
742,504
116,679
42,897
710 768
2,163 2,340
30,677
95,465
2,407
2,660 2,877 3,111
9,628
4,629
17,288
19,614
75,474
5,777
55,534
244,183
2,796
6,937
4,084
2,057
2,841 3,073
2,667 2,885
6,249 6,759
22,003
16,130
-20,727 -42,822 -27,625 -144,523 -93,857
31,054 32,296 33,588 34,932 36,329
207,275 428,221 276,248 1,445,231 938,572
Requirements : Page 9 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
Variable Contributions for 10 Year Plan
Lot No. Entitl. 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
L1 297 1,615.74 1,680.37 1,747.59 1,817.49 1,890.19 1,965.80 2,044.43 2,126.20 2,211.25 2,299.70
L2 285 1,550.46 1,612.48 1,676.98 1,744.06 1,813.82 1,886.37 1,961.82 2,040.30 2,121.91 2,206.79
L3 302 1,642.94 1,708.66 1,777.01 1,848.09 1,922.01 1,998.89 2,078.85 2,162.00 2,248.48 2,338.42
L4 290 1,577.66 1,640.77 1,706.40 1,774.65 1,845.64 1,919.46 1,996.24 2,076.09 2,159.14 2,245.50
L5 307 1,670.14 1,736.95 1,806.43 1,878.68 1,953.83 2,031.98 2,113.26 2,197.79 2,285.71 2,377.13
L6 295 1,604.86 1,669.06 1,735.82 1,805.25 1,877.46 1,952.56 2,030.66 2,111.89 2,196.36 2,284.22
L7 312 1,697.34 1,765.24 1,835.85 1,909.28 1,985.65 2,065.08 2,147.68 2,233.59 2,322.93 2,415.85
L8 299 1,626.62 1,691.69 1,759.35 1,829.73 1,902.92 1,979.03 2,058.20 2,140.52 2,226.14 2,315.19
L9 317 1,724.55 1,793.53 1,865.27 1,939.88 2,017.47 2,098.17 2,182.10 2,269.38 2,360.16 2,454.57
L10 304 1,653.82 1,719.98 1,788.77 1,860.33 1,934.74 2,012.13 2,092.61 2,176.32 2,263.37 2,353.91
L11 322 1,751.75 1,821.82 1,894.69 1,970.48 2,049.30 2,131.27 2,216.52 2,305.18 2,397.39 2,493.28
L12 309 1,681.02 1,748.26 1,818.20 1,890.92 1,966.56 2,045.22 2,127.03 2,212.11 2,300.60 2,392.62
L13 327 1,778.95 1,850.11 1,924.11 2,001.07 2,081.12 2,164.36 2,250.94 2,340.97 2,434.61 2,532.00
L14 314 1,708.22 1,776.55 1,847.62 1,921.52 1,998.38 2,078.32 2,161.45 2,247.91 2,337.82 2,431.34
L15 394 2,143.44 2,229.18 2,318.35 2,411.08 2,507.52 2,607.82 2,712.14 2,820.62 2,933.45 3,050.78
L16 386 2,099.92 2,183.92 2,271.27 2,362.12 2,456.61 2,554.87 2,657.07 2,763.35 2,873.88 2,988.84
L17 282 1,534.14 1,595.50 1,659.32 1,725.70 1,794.72 1,866.51 1,941.17 2,018.82 2,099.57 2,183.56
L18 282 1,534.14 1,595.50 1,659.32 1,725.70 1,794.72 1,866.51 1,941.17 2,018.82 2,099.57 2,183.56
L19 287 1,561.34 1,623.79 1,688.74 1,756.29 1,826.55 1,899.61 1,975.59 2,054.62 2,136.80 2,222.27
L20 287 1,561.34 1,623.79 1,688.74 1,756.29 1,826.55 1,899.61 1,975.59 2,054.62 2,136.80 2,222.27
L21 292 1,588.54 1,652.08 1,718.16 1,786.89 1,858.37 1,932.70 2,010.01 2,090.41 2,174.03 2,260.99
L22 295 1,604.86 1,669.06 1,735.82 1,805.25 1,877.46 1,952.56 2,030.66 2,111.89 2,196.36 2,284.22
L23 297 1,615.74 1,680.37 1,747.59 1,817.49 1,890.19 1,965.80 2,044.43 2,126.20 2,211.25 2,299.70
L24 299 1,626.62 1,691.69 1,759.35 1,829.73 1,902.92 1,979.03 2,058.20 2,140.52 2,226.14 2,315.19
L25 302 1,642.94 1,708.66 1,777.01 1,848.09 1,922.01 1,998.89 2,078.85 2,162.00 2,248.48 2,338.42
L26 305 1,659.26 1,725.63 1,794.66 1,866.44 1,941.10 2,018.75 2,099.50 2,183.48 2,270.82 2,361.65
L27 307 1,670.14 1,736.95 1,806.43 1,878.68 1,953.83 2,031.98 2,113.26 2,197.79 2,285.71 2,377.13
L28 309 1,681.02 1,748.26 1,818.20 1,890.92 1,966.56 2,045.22 2,127.03 2,212.11 2,300.60 2,392.62
L29 312 1,697.34 1,765.24 1,835.85 1,909.28 1,985.65 2,065.08 2,147.68 2,233.59 2,322.93 2,415.85
L30 314 1,708.22 1,776.55 1,847.62 1,921.52 1,998.38 2,078.32 2,161.45 2,247.91 2,337.82 2,431.34
L31 381 2,072.72 2,155.63 2,241.85 2,331.53 2,424.79 2,521.78 2,622.65 2,727.56 2,836.66 2,950.12
L32 389 2,116.24 2,200.89 2,288.93 2,380.48 2,475.70 2,574.73 2,677.72 2,784.83 2,896.22 3,012.07
L33 280 1,523.26 1,584.19 1,647.56 1,713.46 1,782.00 1,853.28 1,927.41 2,004.50 2,084.68 2,168.07
Variable Contributions : Page 10 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
Lot No. Entitl. 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
L34 284 1,545.02 1,606.82 1,671.09 1,737.94 1,807.45 1,879.75 1,954.94 2,033.14 2,114.46 2,199.04
L35 287 1,561.34 1,623.79 1,688.74 1,756.29 1,826.55 1,899.61 1,975.59 2,054.62 2,136.80 2,222.27
L36 291 1,583.10 1,646.42 1,712.28 1,780.77 1,852.00 1,926.08 2,003.13 2,083.25 2,166.58 2,253.24
L37 294 1,599.42 1,663.40 1,729.93 1,799.13 1,871.10 1,945.94 2,023.78 2,104.73 2,188.92 2,276.47
L38 298 1,621.18 1,686.03 1,753.47 1,823.61 1,896.55 1,972.41 2,051.31 2,133.36 2,218.70 2,307.45
L39 301 1,637.50 1,703.00 1,771.12 1,841.97 1,915.65 1,992.27 2,071.96 2,154.84 2,241.03 2,330.68
L40 305 1,659.26 1,725.63 1,794.66 1,866.44 1,941.10 2,018.75 2,099.50 2,183.48 2,270.82 2,361.65
L41 308 1,675.58 1,742.61 1,812.31 1,884.80 1,960.20 2,038.60 2,120.15 2,204.95 2,293.15 2,384.88
L42 312 1,697.34 1,765.24 1,835.85 1,909.28 1,985.65 2,065.08 2,147.68 2,233.59 2,322.93 2,415.85
L43 315 1,713.66 1,782.21 1,853.50 1,927.64 2,004.75 2,084.94 2,168.33 2,255.07 2,345.27 2,439.08
L44 319 1,735.43 1,804.84 1,877.04 1,952.12 2,030.20 2,111.41 2,195.87 2,283.70 2,375.05 2,470.05
L45 326 1,773.51 1,844.45 1,918.23 1,994.95 2,074.75 2,157.74 2,244.05 2,333.81 2,427.17 2,524.25
L46 331 1,800.71 1,872.74 1,947.65 2,025.55 2,106.57 2,190.84 2,278.47 2,369.61 2,464.39 2,562.97
L47 373 2,029.20 2,110.36 2,194.78 2,282.57 2,373.87 2,468.83 2,567.58 2,670.28 2,777.10 2,888.18
L48 376 2,045.52 2,127.34 2,212.43 2,300.93 2,392.97 2,488.68 2,588.23 2,691.76 2,799.43 2,911.41
L49 280 1,523.26 1,584.19 1,647.56 1,713.46 1,782.00 1,853.28 1,927.41 2,004.50 2,084.68 2,168.07
L50 284 1,545.02 1,606.82 1,671.09 1,737.94 1,807.45 1,879.75 1,954.94 2,033.14 2,114.46 2,199.04
L51 287 1,561.34 1,623.79 1,688.74 1,756.29 1,826.55 1,899.61 1,975.59 2,054.62 2,136.80 2,222.27
L52 291 1,583.10 1,646.42 1,712.28 1,780.77 1,852.00 1,926.08 2,003.13 2,083.25 2,166.58 2,253.24
L53 294 1,599.42 1,663.40 1,729.93 1,799.13 1,871.10 1,945.94 2,023.78 2,104.73 2,188.92 2,276.47
L54 298 1,621.18 1,686.03 1,753.47 1,823.61 1,896.55 1,972.41 2,051.31 2,133.36 2,218.70 2,307.45
L55 301 1,637.50 1,703.00 1,771.12 1,841.97 1,915.65 1,992.27 2,071.96 2,154.84 2,241.03 2,330.68
L56 305 1,659.26 1,725.63 1,794.66 1,866.44 1,941.10 2,018.75 2,099.50 2,183.48 2,270.82 2,361.65
L57 308 1,675.58 1,742.61 1,812.31 1,884.80 1,960.20 2,038.60 2,120.15 2,204.95 2,293.15 2,384.88
L58 312 1,697.34 1,765.24 1,835.85 1,909.28 1,985.65 2,065.08 2,147.68 2,233.59 2,322.93 2,415.85
L59 315 1,713.66 1,782.21 1,853.50 1,927.64 2,004.75 2,084.94 2,168.33 2,255.07 2,345.27 2,439.08
L60 319 1,735.43 1,804.84 1,877.04 1,952.12 2,030.20 2,111.41 2,195.87 2,283.70 2,375.05 2,470.05
L61 326 1,773.51 1,844.45 1,918.23 1,994.95 2,074.75 2,157.74 2,244.05 2,333.81 2,427.17 2,524.25
L62 331 1,800.71 1,872.74 1,947.65 2,025.55 2,106.57 2,190.84 2,278.47 2,369.61 2,464.39 2,562.97
L63 373 2,029.20 2,110.36 2,194.78 2,282.57 2,373.87 2,468.83 2,567.58 2,670.28 2,777.10 2,888.18
L64 376 2,045.52 2,127.34 2,212.43 2,300.93 2,392.97 2,488.68 2,588.23 2,691.76 2,799.43 2,911.41
L65 287 1,561.34 1,623.79 1,688.74 1,756.29 1,826.55 1,899.61 1,975.59 2,054.62 2,136.80 2,222.27
L66 258 1,403.57 1,459.72 1,518.10 1,578.83 1,641.98 1,707.66 1,775.97 1,847.01 1,920.89 1,997.72
L67 341 1,855.11 1,929.31 2,006.49 2,086.75 2,170.22 2,257.03 2,347.31 2,441.20 2,538.85 2,640.40
L68 256 1,392.69 1,448.40 1,506.34 1,566.59 1,629.25 1,694.42 1,762.20 1,832.69 1,906.00 1,982.24
L69 251 1,365.49 1,420.11 1,476.92 1,535.99 1,597.43 1,661.33 1,727.78 1,796.89 1,868.77 1,943.52
L70 264 1,436.21 1,493.66 1,553.41 1,615.55 1,680.17 1,747.37 1,817.27 1,889.96 1,965.56 2,044.18
Variable Contributions : Page 11 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
Lot No. Entitl. 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
L71 347 1,887.75 1,963.26 2,041.79 2,123.46 2,208.40 2,296.74 2,388.61 2,484.15 2,583.52 2,686.86
L72 253 1,376.37 1,431.43 1,488.68 1,548.23 1,610.16 1,674.57 1,741.55 1,811.21 1,883.66 1,959.01
L73 258 1,403.57 1,459.72 1,518.10 1,578.83 1,641.98 1,707.66 1,775.97 1,847.01 1,920.89 1,997.72
L74 270 1,468.86 1,527.61 1,588.71 1,652.26 1,718.35 1,787.09 1,858.57 1,932.91 2,010.23 2,090.64
L75 357 1,942.15 2,019.84 2,100.63 2,184.66 2,272.04 2,362.93 2,457.44 2,555.74 2,657.97 2,764.29
L76 260 1,414.45 1,471.03 1,529.87 1,591.07 1,654.71 1,720.90 1,789.73 1,861.32 1,935.78 2,013.21
L77 264 1,436.21 1,493.66 1,553.41 1,615.55 1,680.17 1,747.37 1,817.27 1,889.96 1,965.56 2,044.18
L78 277 1,506.94 1,567.21 1,629.90 1,695.10 1,762.90 1,833.42 1,906.76 1,983.03 2,062.35 2,144.84
L79 363 1,974.79 2,053.79 2,135.94 2,221.38 2,310.23 2,402.64 2,498.75 2,598.69 2,702.64 2,810.75
L80 266 1,447.09 1,504.98 1,565.18 1,627.78 1,692.90 1,760.61 1,831.04 1,904.28 1,980.45 2,059.67
L81 270 1,468.86 1,527.61 1,588.71 1,652.26 1,718.35 1,787.09 1,858.57 1,932.91 2,010.23 2,090.64
L82 283 1,539.58 1,601.16 1,665.21 1,731.82 1,801.09 1,873.13 1,948.06 2,025.98 2,107.02 2,191.30
L83 369 2,007.44 2,087.73 2,171.24 2,258.09 2,348.42 2,442.35 2,540.05 2,641.65 2,747.31 2,857.21
L84 272 1,479.74 1,538.93 1,600.48 1,664.50 1,731.08 1,800.32 1,872.34 1,947.23 2,025.12 2,106.13
L85 277 1,506.94 1,567.21 1,629.90 1,695.10 1,762.90 1,833.42 1,906.76 1,983.03 2,062.35 2,144.84
L86 289 1,572.22 1,635.11 1,700.51 1,768.53 1,839.27 1,912.85 1,989.36 2,068.93 2,151.69 2,237.76
L87 375 2,040.08 2,121.68 2,206.55 2,294.81 2,386.60 2,482.07 2,581.35 2,684.60 2,791.99 2,903.67
L88 279 1,517.82 1,578.53 1,641.67 1,707.34 1,775.63 1,846.66 1,920.52 1,997.34 2,077.24 2,160.33
L89 283 1,539.58 1,601.16 1,665.21 1,731.82 1,801.09 1,873.13 1,948.06 2,025.98 2,107.02 2,191.30
L90 295 1,604.86 1,669.06 1,735.82 1,805.25 1,877.46 1,952.56 2,030.66 2,111.89 2,196.36 2,284.22
L91 381 2,072.72 2,155.63 2,241.85 2,331.53 2,424.79 2,521.78 2,622.65 2,727.56 2,836.66 2,950.12
L92 285 1,550.46 1,612.48 1,676.98 1,744.06 1,813.82 1,886.37 1,961.82 2,040.30 2,121.91 2,206.79
L93 289 1,572.22 1,635.11 1,700.51 1,768.53 1,839.27 1,912.85 1,989.36 2,068.93 2,151.69 2,237.76
L94 346 1,882.31 1,957.60 2,035.91 2,117.34 2,202.04 2,290.12 2,381.72 2,476.99 2,576.07 2,679.12
L95 477 2,594.98 2,698.78 2,806.73 2,919.00 3,035.76 3,157.19 3,283.48 3,414.81 3,551.41 3,693.46
L96 327 1,778.95 1,850.11 1,924.11 2,001.07 2,081.12 2,164.36 2,250.94 2,340.97 2,434.61 2,532.00
L97 331 1,800.71 1,872.74 1,947.65 2,025.55 2,106.57 2,190.84 2,278.47 2,369.61 2,464.39 2,562.97
L98 301 1,637.50 1,703.00 1,771.12 1,841.97 1,915.65 1,992.27 2,071.96 2,154.84 2,241.03 2,330.68
L99 262 1,425.33 1,482.35 1,541.64 1,603.31 1,667.44 1,734.14 1,803.50 1,875.64 1,950.67 2,028.69
L100 262 1,425.33 1,482.35 1,541.64 1,603.31 1,667.44 1,734.14 1,803.50 1,875.64 1,950.67 2,028.69
L101 273 1,485.18 1,544.58 1,606.37 1,670.62 1,737.45 1,806.94 1,879.22 1,954.39 2,032.57 2,113.87
L102 273 1,485.18 1,544.58 1,606.37 1,670.62 1,737.45 1,806.94 1,879.22 1,954.39 2,032.57 2,113.87
L103 279 1,517.82 1,578.53 1,641.67 1,707.34 1,775.63 1,846.66 1,920.52 1,997.34 2,077.24 2,160.33
L104 279 1,517.82 1,578.53 1,641.67 1,707.34 1,775.63 1,846.66 1,920.52 1,997.34 2,077.24 2,160.33
L105 286 1,555.90 1,618.13 1,682.86 1,750.17 1,820.18 1,892.99 1,968.71 2,047.46 2,129.35 2,214.53
L106 286 1,555.90 1,618.13 1,682.86 1,750.17 1,820.18 1,892.99 1,968.71 2,047.46 2,129.35 2,214.53
L107 293 1,593.98 1,657.74 1,724.05 1,793.01 1,864.73 1,939.32 2,016.89 2,097.57 2,181.47 2,268.73
Variable Contributions : Page 12 of 15 THE SCARBOROUGH GRAND
SINKING FUND FORECAST Leary & Partners Pty Ltd
Lot No. Entitl. 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
L108 293 1,593.98 1,657.74 1,724.05 1,793.01 1,864.73 1,939.32 2,016.89 2,097.57 2,181.47 2,268.73
L109 299 1,626.62 1,691.69 1,759.35 1,829.73 1,902.92 1,979.03 2,058.20 2,140.52 2,226.14 2,315.19
L110 299 1,626.62 1,691.69 1,759.35 1,829.73 1,902.92 1,979.03 2,058.20 2,140.52 2,226.14 2,315.19
L111 306 1,664.70 1,731.29 1,800.54 1,872.56 1,947.47 2,025.37 2,106.38 2,190.64 2,278.26 2,369.39
L112 306 1,664.70 1,731.29 1,800.54 1,872.56 1,947.47 2,025.37 2,106.38 2,190.64 2,278.26 2,369.39
L113 348 1,893.19 1,968.92 2,047.68 2,129.58 2,214.77 2,303.36 2,395.49 2,491.31 2,590.96 2,694.60
L114 348 1,893.19 1,968.92 2,047.68 2,129.58 2,214.77 2,303.36 2,395.49 2,491.31 2,590.96 2,694.60
L115 301 1,637.50 1,703.00 1,771.12 1,841.97 1,915.65 1,992.27 2,071.96 2,154.84 2,241.03 2,330.68
L116 262 1,425.33 1,482.35 1,541.64 1,603.31 1,667.44 1,734.14 1,803.50 1,875.64 1,950.67 2,028.69
L117 262 1,425.33 1,482.35 1,541.64 1,603.31 1,667.44 1,734.14 1,803.50 1,875.64 1,950.67 2,028.69
L118 273 1,485.18 1,544.58 1,606.37 1,670.62 1,737.45 1,806.94 1,879.22 1,954.39 2,032.57 2,113.87
L119 275 1,496.06 1,555.90 1,618.13 1,682.86 1,750.17 1,820.18 1,892.99 1,968.71 2,047.46 2,129.35
L120 279 1,517.82 1,578.53 1,641.67 1,707.34 1,775.63 1,846.66 1,920.52 1,997.34 2,077.24 2,160.33
L121 282 1,534.14 1,595.50 1,659.32 1,725.70 1,794.72 1,866.51 1,941.17 2,018.82 2,099.57 2,183.56
L122 286 1,555.90 1,618.13 1,682.86 1,750.17 1,820.18 1,892.99 1,968.71 2,047.46 2,129.35 2,214.53
L123 288 1,566.78 1,629.45 1,694.63 1,762.41 1,832.91 1,906.23 1,982.48 2,061.77 2,144.25 2,230.02
L124 293 1,593.98 1,657.74 1,724.05 1,793.01 1,864.73 1,939.32 2,016.89 2,097.57 2,181.47 2,268.73
L125 295 1,604.86 1,669.06 1,735.82 1,805.25 1,877.46 1,952.56 2,030.66 2,111.89 2,196.36 2,284.22
L126 299 1,626.62 1,691.69 1,759.35 1,829.73 1,902.92 1,979.03 2,058.20 2,140.52 2,226.14 2,315.19
L127 301 1,637.50 1,703.00 1,771.12 1,841.97 1,915.65 1,992.27 2,071.96 2,154.84 2,241.03 2,330.68
L128 306 1,664.70 1,731.29 1,800.54 1,872.56 1,947.47 2,025.37 2,106.38 2,190.64 2,278.26 2,369.39
L129 308 1,675.58 1,742.61 1,812.31 1,884.80 1,960.20 2,038.60 2,120.15 2,204.95 2,293.15 2,384.88
L130 348 1,893.19 1,968.92 2,047.68 2,129.58 2,214.77 2,303.36 2,395.49 2,491.31 2,590.96 2,694.60
L131 349 1,898.63 1,974.58 2,053.56 2,135.70 2,221.13 2,309.98 2,402.37 2,498.47 2,598.41 2,702.34
Totals 40000 $217,608.22 $226,312.55 $235,365.05 $244,779.65 $254,570.84 $264,753.67 $275,343.82 $286,357.57 $297,811.87 $309,724.35
*The contributions shown in italics should be reviewed on an annual basis.
*GST needs to be added to the Total Contributions when levying the Lot owners.
Variable Contributions : Page 13 of 15 THE SCARBOROUGH GRAND
Leary & Partners Pty Ltd SINKING FUND FORECAST
Chart : Page 14 of 15 THE SCARBOROUGH GRAND
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Contributions Optimisation Chart : 15 Year Forecast
Expected requirements for the BC financial year SF Balance at the close of the BC financial year
Total Contributions for the BC financial year Commencing SF Balance
SINKING FUND FORECAST Leary & Partners Pty Ltd
Site Photographs
Photo Sheet : Page 15 of 15 THE SCARBOROUGH GRAND