Sinking Fund Plan 2024–2034

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Strata Management · ACT

Capital Works Plan
UP12936 — [Scheme name]
2024–2034 (10-year forecast)
Document ref: UP12936-SFP-2024

⚑ Sample document — for demonstration purposes

Sinking Fund Plan

About this document: The sinking fund plan forecasts major capital works over a 10-year period and informs the annual sinking fund levy. It is reviewed every 5 years or following significant capital works. This is a sample — the actual sinking fund plan will be obtained from the previous manager or commissioned from a quantity surveyor on appointment.

Current sinking fund position

Item	Amount
Opening balance (1 July 2024)	AUD 108,400
Annual levy contribution	AUD 14,400
Interest earned (estimated)	AUD 3,200
Closing balance (30 June 2025)	AUD 122,400

10-year capital works forecast

Year	Works	Estimated cost	Fund at year start
2026	Gutter replacement — Buildings A and B	AUD 12,000	AUD 128,500
2027	Driveway resurfacing — main entry	AUD 28,000	AUD 130,900
2028	External painting — all buildings	AUD 85,000	AUD 117,300
2029	Fencing replacement — rear boundary	AUD 22,000	AUD 47,700
2030	No major works planned	—	AUD 41,100
2031	Roof inspection and repairs	AUD 15,000	AUD 55,900
2032	No major works planned	—	AUD 55,300
2033	External painting — cycle 2	AUD 95,000	AUD 70,100
2034	Driveway resurfacing — full complex	AUD 45,000	AUD 10,500

Levy adequacy assessment

The current sinking fund levy of AUD 320 per unit per quarter (AUD 14,400 per annum for the scheme) is assessed as adequate to fund the forecast capital works over the plan period, subject to the following assumptions:

Cost estimates are based on current market rates and may vary
Interest rate on sinking fund deposits: 3.5% per annum
Annual CPI adjustment to cost estimates: 3%
No unforeseeable major capital works arising

Next review

This plan is due for review in 2029 or earlier if significant unplanned capital works arise. The review will be commissioned by the Owners Corporation and presented at the AGM.