Dialogue session with the residents

I wonder why I am not getting any comments for what I posted on the my blogs. Maybe, the owners are not my visiting my blogs anymore. It does not matter to me but I shall continue to post something every month. In my previous blogs, I posted the audited accounts for the year 2005 and 2006. If the residents care to study the accounts carefully, I would have expected them to scream but surprisingly, nobody made a fuss out of it.

The account for 2005 shows a deficit of more than RM 300 000 meaning that we were spending RM 30 000 more than we earn every month. Any company that does that would have gone bankcrupt by now but Dats Management is still going strong. The cash balance in the bank still shows a surplus of more than a million inclusive of the sinking fund. I don't really know whther our financial situation is still healthy or not. We need and accountant to look into it. The management increased our maintenance fee by 2 sen per sq feet in 2006. With the increase in revenue, I expected the audited acc for the year 2006 to show a surplus but to my horror, the acc still showed a deficit of more than RM 22 000. We did a study on the account thoroughly. We discovered that the mangement had increased its management fee from RM 9 000 to RM 17 500 in 2006. They had also increased our cost of security services to RM 32 000 in 2006 from RM 20 000 in 2003. No wonder we suffered a deficit every year. The chairman is very angry, I am angry and all the committee members are angry too.

We are bringing these issues to the attention of the housing ministry in our meeting with them on the 13th December. We want answers to our queries. We shall not let the developer got off so easily. They have a lot of explanations to do .

We are also holding a dialogue session this coming Sunday ( 9th December 2007 ) to brief the residents on the formation of Prima Setapak Joint Mnagement Body. It is very very important for all the owners to attent this dialogue session because they need to understand what this Joint Management Body is. To be brief, the setting up of the Joint management Body allows us to be the masters of our own properties. I had mentioned it in my previous blog. It is a reality now.. The Joint Management Body allows us to decide on how our properties should be managed,

Goodnight and have a nice day !