Sinking Fund Forecasts
The forecasting of anticipated future expenditure is a comprehensive process that needs to take into account all future expenditure in such a way as to avoid the necessity of issuing unexpected special levies but to also not make excessive allowances for unnecessary costs which would result in inflated levies for owners.
Phillips Safety Service works with Body Corporate’s to ensure that when preparing the forecast report it considers their individual circumstances which ensure that all funds are used in the most effective and efficient manner to maintain their investment. At all times the focus of the report is to maintain a balance between keeping levies as low as possible whilst at all times ensuring that the correct funding is available to maintain the property. This balance also takes into consideration the budgeting for anticipated major expenses without having a building up of excess funds.
Phillips Safety Service works with all types of buildings ranging from duplexes to large residential, accommodation and commercial schemes.