"The whole strata community owes a huge debt of gratitude to you and the OCN executive. Much appreciated."
126.96.36.199 The 10 year sinking fund forecast
An owners corporation is obliged to prepare or have prepared every 5 years a forward plan with costings for maintaining its buildings. This is called a Sinking Fund Forecast and lists the amount that can be expected to be spent on each item of maintenance in the coming 10 years. It is a long term maintenance budget and a key part of the process of drawing up the annual sinking fund budget. Don’t just take the sinking fund forecast as gospel, most are cookie cutter approaches with some minor customisation.