Budgeting & Financial Reporting

A realistic annual budget helps a society set maintenance charges fairly and plan for major expenses like painting, lift maintenance or repairs. We prepare annual budgets and periodic financial reports that give your committee a clear basis for decisions.

What's included

• Draft annual income & expenditure budget
• Comparison of budgeted vs. actual figures through the year
• Periodic (monthly/quarterly) financial summary reports for the committee
• Guidance on setting or revising maintenance charges

Who this service is for

Useful for societies planning major repair work, revising maintenance charges, or wanting more financial visibility through the year.

Documents typically required

• Previous year's actual income & expenditure statement
• List of planned major expenses (repairs, AMC renewals, etc.)

Frequently asked questions

When should a society prepare its budget?

Ideally before the start of the financial year, or ahead of the AGM where the budget is typically presented to members.

Can you help if maintenance charges need revising?

Yes, we can model different charge structures against your expected expenses and reserve fund requirements.