A website & blog for residents (and neighbours) of Dalston Square

Posts tagged “Finance

The DSRA Working With Consort, Barratt, & Hackney Council

It has been a while since the last post but the DSRA has not been idle: quite the opposite! The issue is finding the time to not only attend meetings, but also to write reports, combine them with other info we think relevant, and then get it all out to you in a legible(ish) fashion. So happy new year everyone, and on with the backlog of news (sorry)!

DSRA Finance Committee

Uppermost in many lease-holder’s minds at this time of year is Consort’s budget for the coming financial year: This is the cost of managing the site which is paid for through twice-yearly bills to all Dalston Square lease-holders. Building on the excellent relationship the DSRA has already established with Consort  since their management and accountant changes this time last year, we have been in regular meetings with them over the last few months as Consort, in the name of transparency, explained budget items as they were added into the process. That budget has now been set and Consort will be sending out bills shortly with an explanation letter attached. In the meantime, this brief report from Jane Collins (who along with David Eastwood has put in many hours on behalf of the DSRA poring over spreadsheets and questioning Consort’s accountant on budgetary line items: I am sure all lease-holders will join me in saying a big thanks to you both):

The budget for 2015/16 is now agreed and invoices for the new financial year will be sent out by Consort over the coming days. There is an overall increase in the budget of 3.8%. The increases result from staff salary increases to bring site staff closer to the London Living Wage, and the need to increase reserves in some phases owing to redecoration costs. Some savings were achieved on individual budget items including window cleaning, door entry and plant and machinery contracts.

There is an increase in the management fee for all units, from £233 to £238 in the new financial year. This is lower than the increase originally proposed by Consort, following representations by DSRA.

There is very considerable variation in the Service Charge increases per unit, with most increases between 2.8% and 10%. The most significant differences are between phases, bringing the newer phases into line with the cost per square metre of phase 1.

If leaseholders have specific questions regarding their invoice they should contact site Manager Gerald Bernard (gerald.bernard@consortpm.co.uk) in the first instance, or Charlotte Perrott (charlotte.perrott@consortpm.co.uk)

DSRA Buildings & Maintenance Committee

We also recently held our regular quarterly meeting with Consort to discuss all buildings and maintenance issues, and were pleased to have representatives of Barratt Homes and Hackney Council able to accept our invitations to attend. With the co-operation of the other parties the DSRA maintains 3 separate logs: One each for Consort, Barratt, and the Council. Over the past year all 3 logs have been shrinking steadily in size as line items have been addressed and removed from the active log, and this last quarter was no exception. The updated copies of the 3 logs along with a written report from DSRA Chair Ben Collins are all available for download from the ‘Document Depository’ in the ‘Residents Only’ section of our discussions forum HERE. If that link does not work for you, you need to read THIS thread. After reading that, register for forum membership HERE (a simple 2 minute process), then make an application HERE (again very straight-forward, just follow the other examples).

It has been said before but I will say it again: Any/all residents are welcome to attend any meeting (although space dictates numbers at some point of course). Please just let us know beforehand so we can bring you up to speed on what has been previously discussed, to save wasting valuable meeting time on repeating previous discussions. Buildings & Maintenance meetings generally start around midday (but as early as 11.00am) midweek, and can go on for a couple of hours or more. Finance meetings tend to start at 6pm, again midweek, and can go on for an hour and a half or more.

I have a few other brief items of news but will save them for a second post: These meetings are the more important updates I feel, but I do not want this post to get too long.

To be continued…..

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