The AGM started off at about 10.30am, with about 28 owners (qualified - those who pay all fees up to 30th June, 2009), another 30 persons are observers.
The meeting ended at about 3pm, with various resolutions passed. There were many questions asked about the expenses spent and fees charged by the management company due to lack of information on these.
Among the resolution passed during AGM were:-
1. Maintenance fees increased from 15 cents to 20 cents (psf), 22 cents as proposed by Management was rejected.
2. Sinking fund is 2 cents (10% of maintenance fees) psf
Also resolved that any capital expenditure above RM50k in a single project, must be approved by JMB (AGM/EGM).
3. Building repainting funds of 25 cent psf was rejected
4. Amended house rules were passed.
New JMC are elected with 2 new member and others are from previous JMC total 10 members.
With 20 cents psf of maintenance fees, the income/revenue will be about RM112k, if add-in the other commercial income, we will exceed RM120k income per month. The JMB (AGM) also asked JMC and Management to keep the monthly expenses below RM110k, and manage the funds more efficiently, effectively, transparently and act on complaints promptly.
2 comments:
Wah! A whopping 33% jump in maintenance fees.
Please continue to work hard.
I do not mind the increase in cost if I see value from it...security, cleanliness, efficient services are top in my agenda.
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