COSTA NOVA CTS 5565 Minutes of the Annual General Meeting & Adopted Budget - 2024-05-23 · 51981.4258.03

                                                     Team Body Corporate
                                      Adopted Budget for Community Title Scheme 5565
                                        COSTA NOVA, 1 Belmore Terrace SUNSHINE BEACH
                                           Prepared by Team Body Corporate (ABN 89879891432)
                                   195 Weyba Road NOOSAVILLE QLD 4566 Ph 0754735622 Fax 0754735711
Printed 21/05/2024 at 16:10:51 User= Adelle Sirett                                                                          Page 3

Sinking Fund                                                 Adopted Budget             Current Actual           Current Budget
                                                            (01/03/2024-28/02/2025)   (01/03/2023-29/02/2024)   (01/03/2023-29/02/2024)


Expense
    General
        Building Valuation                                          $0.00                     $0.00                     $0.00
        Consultant Fees                                       $20,000.00                $16,820.00                $20,000.00
        Project Managment                                     $25,000.00                      $0.00               $25,000.00
        Provision for Funding                               $(247,250.00)                     $0.00             $(247,250.00)
        ProvisionForFutureExpenditure                               $0.00                     $0.00                     $0.00
        Surplus Reduction                                   $(165,091.00)                     $0.00             $(170,000.00)
        Total General                                       $(367,341.00)               $16,820.00              $(372,250.00)

    Grounds & Gardens
        Outdoor Furniture                                           $0.00                     $0.00                     $0.00
        Tools & Equipment                                           $0.00                  $112.73                      $0.00
        Total Grounds & Gardens                                     $0.00                  $112.73                      $0.00

    Building
        Elevator Phone Upgrade                                      $0.00                 $1,395.51                     $0.00
        Garage Door                                                 $0.00                 $2,086.36                     $0.00
        Internet Connection/Equipment                               $0.00                     $0.00                     $0.00
        Key / Lock System                                           $0.00                     $0.00                     $0.00
        Painting                                              $26,250.00                $23,340.00                $26,250.00
        Signage                                                     $0.00                     $0.00                     $0.00
        Window Glazing                                        $25,000.00                      $0.00                     $0.00
        Total Building                                        $51,250.00                $26,821.87                $26,250.00

    Pool
        Pool Area Upgrade                                    $475,000.00                      $0.00              $500,000.00
        Pool Cleaner                                                $0.00                 $2,635.45                     $0.00
        Pool Equipment                                              $0.00                     $0.00                     $0.00
        Pool Filtration Equipment                                   $0.00                     $0.00                     $0.00
        Total Pool                                           $475,000.00                  $2,635.45              $500,000.00



TOTAL SINKING FUND                                           $158,909.00                $46,390.05               $154,000.00
ADD: SINKING GST                                              $15,890.90                                          $15,400.00
TOTAL SINKING BUDGET                                         $174,799.90                                         $169,400.00