FERNS PARADISE AGM July 15th, 2012 Presentation By Management committee 1AGM, July 15th, 2012.

FERNS PARADISE AGM July 15th, 2012

PresentationByManagement committee

1AGM, July 15th, 2012

http://www.fernsparadise.org/

1. President’s Address2. Annual Report3. Financials

a. Adoption of Audited Accountsb. Adoption of proposed

Operational Budget for FY 2012-13

c. Adoption of Revised Layout Maintenance charge w.e.f. FY 2012


AGENDA


4. Appointment of Auditor and Fixing remuneration

5. FP Audit Committee report6. Outstanding Issues/concerns7. Any other matter with the

permission of the Chair.LUNCH BREAK

8. Election of New Management Committee Members

AGENDA (Cont’d)



President’s Address



ANNUAL REPORT – 2012Major Achievements

Financial Status Association Office Building Road Work Beautification of Main Street Tree Plantation Across the Layout Basket Ball Court Refurbished Playground Prepared STP Stabilized & Water being utilized for

Gardening Ph-3 to Ph-2 connection for better distribution of

water. Entertainment /Social Events Apna Complex: Ferns Paradise Web Portal




Agreement with FBD for FP Club House CCTVs installed at Gate and Club. Gym Equipment Upgraded Swimming Pool Maintenance Wheelchair Access in Club House Computer & Furniture for office & Club

House Children Park Renovation Rain Water Harvesting Initiatives LED Street Lights Installation Benches for Walkers

ANNUAL REPORT – 2012Major Achievements (Cont’d)


Adoption Of Audited Accounts

Accounts of FY 11-12 have been closed and have been audited

Balanced Sheet, I & E Statements along with the Audit Report have been sent to all members

It is now proposed for adoption.




Financial Update for 2011-2012


Collection UpdateLayout FY 11-12 FY 12-13 (as on Jun,12)

Billed Collected Billed Collected

Ph 1 35.26 32.03 35.17 24.39

Ph 2 23.66 11.17 23.51 8.40

Ph 3 7.04 2.74 6.0 0.53Advance 4.16 3.69

Total 65.97 50.11 64.66 37.02 (57%)

Arrears collected 7.0 14.27*

Total Collection 57.13 51.29(with arrears)

*(10.87+3.40)


Rs, Lacs


Expenditure Statement

Item Annual 11-12 Annual 12-13(projected)

Salaries 6.0 7.0Electricity 7.0 8.0Maintenance 16.0 19.0Security 14.3 16.0 Office 1.5 1.8Others 1.7 2.0

TOTAL 46.5 53.8

Capital Exp/Projects 7.4 7.9 (actuals)

Layout Expenses


Rs, Lacs


Collections UpdateClub House

FY 11-12 FY 12-13 (as of Jun,2012)Billed Collected Billed Collected

Ph1 13.60 12.48 13.48 7.82 Ph 2 6.08 5.46 6.40 3.70 Ph3 3.23 0.88 3.60 0.32 Advance 2.24 2.24

Total 22.91 21.06 23.48 14.08 (56%) Arrears Collected 6.00 1.04

Total 27.06 15.12(With Arrears )


Rs, Lacs


Club House ExpensesItem Annual 11-12 Annual 12-13(projected)

Salary 1.2 2.5Electricity 1.8 2.0Celebrations 1.5 2.5Maintenance 1.5 2.0Security 2.0 1.5Swimming pool 1.5 2.0Others 0.1 0.2Payment to FC 5.7 5.7

TOTAL 15.3 18.4Property Tax w/Arrears 4.0

Capital Exp/Projects 0.8 0.5


Rs, Lacs


Bank Balances as on date

Current A/c FDs TotalClub 15.1 10.0 25.1 Layout Maint 16.5 30.0 46.5III Phase Maint 5.6 5.6

PLUS

Average Outflow:

Club House Rs 1.0 Lacs/- pmMaintenance Rs 4.2 Lacs /-pm

Finance Update (Cont’d)

Corpus fund declared as on date : Rs 60 Lacs


Rs, Lacs


Projections for Fiscal year 2012-13 - Income

Surplus as on March 31st, 2012 23.0 Arrears collected In 12-13 (till date)14.5 Projected Collections @ 80% 51 .0

TOTAL INCOME 88.5* (*Excluding water charges)

Projections for Fiscal year 2012-13 - Expenses

Operational Expenses 47.6*Capital Expenses/Projects 27.0Corpus Fund 2012-13 20.0Contingency 5.0TOTAL EXPENSES 99.6(*Excluding bore well electricity, stp consumables approx 6 lacs)

Shortfall is Rs 11.1 Lacs which can be met by Rs 1.0 per sq ft increase in maintenance


Layout Maintenance-Projections

Rs, Lacs


Proposal to Revise the Layout Maintenance Charges

2012-2013

Increase Maintenance charges by Re. 1 per sq ft for built and under construction plots (making it Rs 6 per sqft)

Increase maintenance charges by Re. 1 per sq ft for Vacant sites (Making it Rs 5 per sqft)

This will add Rs.11.2 lacs (@80% Collection)



Proposal for Approval

To adopt the revised maintenance charges with amendments if any




• Appointment of External Auditor and Fixing remuneration

• FP Audit Committee report

AGENDA (Cont’d)

FP AUDIT COMMITTEE REPORT


Layout Total Rs 20 Lacs

1. Street Light Backup 10.02. STP tanker 1.03. PC Backup 0.54. Landscaping 1.05. Electrical replacement 1.06. Ground water recharge 1.57. 2nd Storage sump 5.0

Clubhouse Total Rs 13.5 Lacs

8. Pool motors to be changed 1.09. New Gym Equipment 2.510.Terrace Covering 10.0


Suggested Projects-Estimates

Rs, Lacs


Renewal of FC Club House Tripartite Agreement

Cauvery Water Supply Strengthening of Bye-Laws & NOC Guidelines Pollution Update

Outstanding Issues and Concerns



THANK YOU



FERNS PARADISE AGM July 15th, 2012 Presentation By Management committee 1AGM, July 15th, 2012.

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Transcript of FERNS PARADISE AGM July 15th, 2012 Presentation By Management committee 1AGM, July 15th, 2012.