Audited Accounts for Prima Setapak Condo.

The audited account for 2005 was out. It was put up on the notice board at the management office. We were unable to get a copy of it and I was told that we have to make a formal reguest for a copy. If you are an owner, you should take some time off to study it. From the account, you can easily tell whether your condo will continue to be well maintained in the future or will there be a need to raise the maintenance fees. I am not an accountant so I am not in the position to make any comments pertaining to the accounts. From the layman's point of view, the final figures shows that our account is quite healthy. More than RM 822 673 is placed as fixed deposit in a financial institution . This fixed deposit should be our sinking fund contributed by all the owners. The cash surplus shows that there is more than RM 250 405 in the bank account. I shall try to post some figures on the blog. I don't know whether it will turn out right or not. You need some imagination to get the right figure

REVENUE

Sinking fund





Expenditure

Final cash Balance

This is my best effort to present the accounts in the blog. You need to strain your eyes a little bit to figure out which figure is linked to which item. For example, Dats Management Sdn Bhd charges us RM 144 000 a year for its management fee. That works out to be about RM12 000 a month. Our biggest expenditure is security. The security services provided cost us about RM 341 050 a year and it is about RM 30 000 every month.

After my outburst over some vulgar comments, I had not received a single comment. I had disabled the comment moderation feature in the blog. As I have said, I welcome any comments as long as it is related to the topics that I post. No character assassination and no vulgar words used.

The residents do not seem to have any comments over the new security guards. I do not have confidence in the night guards. The turnover rate for the night guards is very high The company does not seem to be able to get the night guards to stay. According to Mr Robert, they do not have any intention to pull out the UOA guards. The UOA guards will be here until the new security company is ready to take over. I sometimes do go to the guardhouse to talk to the persons in charge. I told them they need to pay more attention to the CCTV instead of busy dealing with those visitors who come in by car. I also told them to use the whistles more often. If they do that they can perform better than the UOA guards.

We had a committee meeting last night. We are going to hold a function to celebrate the Moon Cake festival on Saturday, 29th Sept at 7.00 p.m. The function will be held at the multi-purpose

hall.

Goodnight and have a nice day!