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

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Presentation on theme: "FERNS PARADISE AGM July 15th, 2012 Presentation By Management committee 1AGM, July 15th, 2012."— Presentation transcript:

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

2 1.President’s Address 2.Annual Report 3.Financials a.Adoption of Audited Accounts b.Adoption of proposed Operational Budget for FY 2012-13 c.Adoption of Revised Layout Maintenance charge w.e.f. FY 2012 2AGM, July 15th, 2012 AGENDA

3 4.Appointment of Auditor and Fixing remuneration 5.FP Audit Committee report 6.Outstanding Issues/concerns 7.Any other matter with the permission of the Chair. LUNCH BREAK 8. Election of New Management Committee Members AGENDA (Cont’d) 3AGM, July 15th, 2012

4 President’s Address 4AGM, July 15th, 2012

5 ANNUAL REPORT – 2012 Major 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 5AGM, July 15th, 2012

6 6  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

7 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. 7AGM, July 15th, 2012

8 8 Financial Update for 2011-2012

9 Collection Update Layout Collection Update Layout FY 11-12 FY 12-13 (as on Jun,12) BilledCollectedBilledCollected Ph 1 35.2632.0335.1724.39 Ph 2 23.6611.17 23.51 8.40 Ph 3 7.04 2.74 6.0 0.53 Advance 4.16 3.69 Total65.9750.1164.6637.02 (57%) Arrears collected 7.014.27* Total Collection 57.1351.29 (with arrears) *(10.87+3.40) 9AGM, July 15th, 2012 Rs, Lacs

10 Expenditure Statement ItemAnnual 11-12Annual 12-13(projected) Salaries 6.0 7.0 Electricity 7.0 8.0 Maintenance 16.0 19.0 Security 14.3 16.0 Office 1.5 1.8 Others 1.7 2.0 TOTAL 46.5 53.8 Capital Exp/Projects 7.4 7.9 (actuals) Layout Expenses 10AGM, July 15th, 2012 Rs, Lacs

11 Collections Update Club House Collections Update Club House FY 11-12 FY 12-13 (as of Jun,2012) BilledCollectedBilledCollected 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 Total22.91 21.0623.48 14.08 (56%) Arrears Collected 6.00 1.04 Total27.0615.12 (With Arrears ) 11AGM, July 15th, 2012 Rs, Lacs

12 Club House Expenses ItemAnnual 11-12Annual 12-13(projected) Salary 1.2 2.5 Electricity 1.8 2.0 Celebrations 1.5 2.5 Maintenance 1.5 2.0 Security 2.0 1.5 Swimming pool 1.5 2.0 Others 0.1 0.2 Payment to FC 5.7 5.7 TOTAL 15.3 18.4 Property Tax w/Arrears 4.0 Capital Exp/Projects 0.8 0.5 12AGM, July 15th, 2012 Rs, Lacs

13 Bank Balances as on date CurrentA/cFDsTotal Club15.110.025.1 Layout Maint16.530.046.5 III Phase Maint 5.6 5.6 PLUS Average Outflow: Club House Rs 1.0 Lacs/- pm Maintenance Rs 4.2 Lacs /-pm Finance Update (Cont’d) Corpus fund declared as on date : Rs 60 Lacs 13AGM, July 15th, 2012 Rs, Lacs

14 Projections for Fiscal year 2012-13 - Income Surplus as on March 31st, 201223.0 Arrears collected In 12-13(till date)14.5 Projected Collections @ 80% 51.0 TOTAL INCOME88.5* (*Excluding water charges) Projections for Fiscal year 2012-13 - Expenses Operational Expenses 47.6* Capital Expenses/Projects 27.0 Corpus Fund 2012-13 20.0 Contingency 5.0 TOTAL EXPENSES99.6 (*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 14AGM, July 15th, 2012 Layout Maintenance-Projections Rs, Lacs

15 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) 15AGM, July 15th, 2012

16 Proposal for Approval To adopt the revised maintenance charges with amendments if any 16AGM, July 15th, 2012

17 17AGM, July 15th, 2012 Appointment of External Auditor and Fixing remuneration FP Audit Committee report AGENDA (Cont’d)

18 LayoutTotal Rs 20 Lacs 1.Street Light Backup10.0 2.STP tanker 1.0 3.PC Backup 0.5 4.Landscaping 1.0 5.Electrical replacement 1.0 6.Ground water recharge 1.5 7.2nd Storage sump 5.0 ClubhouseTotal Rs 13.5 Lacs 1.Pool motors to be changed 1.0 2.New Gym Equipment 2.5 3.Terrace Covering 10.0 18AGM, July 15th, 2012 Suggested Projects-Estimates Rs, Lacs

19  Renewal of FC Club House Tripartite Agreement  Cauvery Water Supply  Strengthening of Bye-Laws & NOC Guidelines  Pollution Update Outstanding Issues and Concerns 19AGM, July 15th, 2012

20 THANK YOU 20AGM, July 15th, 2012

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