Treatgate Management Company Limited
Service Charge Budget
Service Charge Budget 1st July 2015 - 30th June 2016
02/06/2015
Contents:
1. Title Page
2. Service Charge Forecast/Budget
3. Budget Notes
4. Apportionment Schedule
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Page 1
Treatgate Service Charge Budget
Service Charge Budget 1st July 2015 to 30th June 2016
Apartments - 6
Reference
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Expenditure Area
Insurance
Buildings Insurance
Cleaning
Communal Cleaning
Window Cleaning
Grounds Keeping
Routine Maintenance
Lighting & Electrical
Gutter cleaning
Non-Specific Repairs
Unplanned maintenance, repairs
General Building - Sundry Consumables (lights)
Utilities
Communal Electricity
Sinking
Internal Decorations
Roof & Main Structure
Professional Fees
Management Fee
Out of hours service
Accountant
Sundries
Company Secretarial
Bank charges
Total
Service charge per annum
Service charge per month
Previous Year
Current Year
Difference
Annual £
840
840
1,043
225
168
650
400
150
250
630
600
30
912
912
555
269
286
1,647
1,285
22
300
25
15
0
6,027
Annual £
840
840
1,043
225
168
650
400
150
250
630
600
30
900
900
541
250
291
1,673
1,311
22
300
25
15
0
6,027
Annual £
0
0
0
0
0
0
0
0
0
0
0
0
-12
-12
-14
-19
5
26
26
0
0
0
0
0
0
£1,004.50
£1,004.45
-£0.05
£83.71
£83.70
£0.00
Copywrite © urbanbubble Ltd - No Part of this budget may be copied, reprinted or reproduced or utilised in any format without written consent.
Page 2
Treatgate Apportionment Schedule
Service Charge Budget 1st July 2015 to 30th June 2016
Unit Reference
Flat 1
Flat 2
Flat 3
Flat 4
Flat 5
Flat 6
Total
Annual Charge
£
1,004.45
1,004.45
1,004.45
1,004.45
1,004.45
1,004.45
6,026.70
Quarterly
Charge £
251.11
251.11
251.11
251.11
251.11
251.11
1,506.68
Monthly
Charge £
83.70
83.70
83.70
83.70
83.70
83.70
502.23
Copywrite © urbanbubble Ltd - No Part of this budget may be copied, reprinted or reproduced or utilised in any format without
written consent.
Page 2
Traetgate Service Charge Budget Comments
Forecasting service charge budgets is educated guesswork at best but to
make our forecasts as accurate as possible, we use our knowledge and
experience of managing sites in the local area with similar services and scale
accordingly to this particular development. We also explain how each service
is calculated so when the forecast is scrutinised, revisions can be made and
agreed by all parties in a straight forward fashion.
Expenditure Area
Ref.
Expenditure Item
Notes
Insurance
1
Buildings Insurance
This is based on the current policy held with Aviva Insurance
Limited through Jelf brokers, total premium £793.07, we have
allowed for a slight increase in line with IPT
Cleaning
2
Communal Cleaning
Based on monthly visits by Chrystal Clean. The services will
include cleaning doors, all glass, all wood interrior, carpets,
skirting boards. Visits have reduced to monthly frequency as per
the directors request. £18.75 (incl VAT) per clean x 12 visits a
year
3
Window Cleaning
Quarterly External Window Clean to 2 floors, ground floor
traditional, first floor reach and wash carried out by Reflekt
Cleaning £42 per visit (incl VAT)
4
Grounds Keeping
Grounds keeping new contract to be carried out by JM
Maintenance on a 12 visit schedule at £45 plus VAT
5
Lighting and Electrical
Provision to allow Addison Electrical to attend site annually to
test the emergency lighting - £150 inclusive of VAT
6
Gutter cleaning
Annual gutters clearance required at £250 inclusive of VAT ,
carried out by Roach Cleaning Services.
7
Unplanned Maintenance and
Repairs
Provison allowed for any ad hoc maintenance repairs throughout
the financial year.
8
General Building - Sundry
Consumables (lights)
Small provision for costs to replace bulbs
9
Electricity
Block 5-6 Brook Road avarage electricity spend £51 per month,
block 1-4 Brook Road avarage spend £25 per month based on
actual usage throughout 2013-2014
10-11
All areas
Internal Decorating - £700 to repaint internal communal areas
every 5 years and £900 to refloor/recarpet communal areas
every 7 years
Routine Maintenance
Non-Specific
Repairs
Utilities
Sinking Fund
External Decorations - Use budget above to repaint external
facia above doors.
Roof and Main Structure - £10k every 35 years, mainly for roof
repair and replacement but also include conditional and structural
surveys done every 10 years and works resulting from
recommendations.
Professional Fees
12
Management Fees
Our fees have increased by 2% to allow for inflation. Now
£182.07 + VAT per unit per annum
13
Out of hours service
£3 + VAT per apartment per year for out of hours service
provided by Adiuvo
14
Accountant
£250+VAT to allow local accountants Booth Ainsworth to prepare
the annual service charge accounts
15
Sundries
Cost for postage
16
Company Secretarial
£15 Annual return fee
17
Bank charges
Removed as the Coopertive Bank no longer charge for the
accounts.
Copywrite © urbanbubble Ltd - No Part of this budget may be copied, reprinted or reproduced or utilised in any format without written consent.