Minutes of the Executive Committee meeting of The Owners — Units Plan No. 12936, held on 15 March 2026 at 6:00pm via video conference.
[EC Member 1] (Chairperson), [EC Member 2], [EC Member 3], [Manager name] — Next Strata Pty Ltd (in attendance)
| Fund | Balance | Budget YTD | Variance |
|---|---|---|---|
| Admin fund | AUD 41,200 | AUD 39,800 | +AUD 1,400 |
| Sinking fund | AUD 126,800 | AUD 126,000 | +AUD 800 |
Both funds are tracking ahead of budget. The manager noted that the gutter replacement is scheduled for April and will draw approximately AUD 12,000 from the sinking fund.
| Ref | Description | Status | Action |
|---|---|---|---|
| NS-2026-001 | Garden tap — common area Building A | Resolved | Invoiced AUD 185 — paid |
| NS-2026-004 | Path lighting — Unit 12 frontage | In Progress | Electrician scheduled 26 May |
| NS-2026-007 | Gutter inspection — Buildings A and B | Scheduled | Booked April |
| Action | Owner | Due |
|---|---|---|
| Obtain insurance quotations for November renewal | Manager | September 2026 |
| Confirm path lighting completion | Manager | 1 June 2026 |
| Report gutter inspection findings to EC | Manager | 30 April 2026 |
The next EC meeting is scheduled for July 2026. Date to be confirmed by the manager.