PRELIMINARY RESIDENTS' SOCIETY BUDGET

PROPERTY AT 34 MOORE STREET, HOWICK, AUCKLAND

31 TOWNHOUSES

GST INCLUSIVE Notes BUDGET

Insurance 1 $42,000
Landscape & Grounds Maintenance 2 $17,350
Building Wash 3 $7,500
Common Area Electricity 4 $1,000
Maintenance & Contingency 5 $2,500
Health & Safety Plan 6 $650
Administration of the Society 7 $9,000
TOTAL BUDGET (Including GST) $80,000

NOTES:
1 Insurance: The insurance premium is estimated based on the assessed value of the completed
development as at the time of preparing this budget and includes all buildings and other improvemnts on the
land. Competitive insurance quotations will be obtained prior to completion of the development.
2 Landscape & Grounds Maintenance: An allowance to pay for the common area lawns and grounds
maintenance. Members will be required to arrange and pay for the maintenance of the landscaped areas
within their private yard.
3 Building Wash: The Society will pay for the exterior of the units to be washed on an annual basis.
4 Common Area Electricity: Allowance to pay for the electricity to power the common area lights.
5 Maintenance & Contingency Fund: An allowance to pay for any expenses not covered by other budget
items such as cleaning of cesspits.
6 Health & Safety Plan: Allowance to pay for a Health & Safety Plan to be prepared for the Society to comply
with the Health & Safety at Work Act.
7 Administration of the Society: The administration fee is payable to the Society Manager for attending to
the day to day administration of the Society and includes: arranging the annual general meeting, issuing levy
notices to owners, collecting levies, paying invoices on behalf of the Society, supervising service contracts,
arranging the Society's insurance, reporting to the committee and so on.
8 Levy Estimates: The levy shown for each Lot unit has been calculated in two parts. Firstly, the insurance
premium for each Lot is based on the relative value of the Lot in comparison to all other Lots. Secondly, the
balance of the budget is divided equally between all Lots. Each Lot's levy is the sum of these.
9 Disclaimers: This is a preliminary budget which has been prepared in advance on the basis of information
supplied. The budget items have been estimated based on expenses incurred in other similar developments.
The actual expenses may vary from these estimates. The estimates are based on the current market which
could differ between now and when the complex is actually completed.
Exclusions:
10 Water Rates & Utilities: Residents will receive water bills directly from Water Care and will be responsible
for all other utilities for their Lot.
11 Rubbish & Recycling: Residents rubbish & recycling will be collected via Auckland Council's rubbish and
recycling collection paid for via the Auckland Council rates for each Lot in the Society.
12 Contents Insurance: Organizing and paying for the contents insurance for a Lot is the responsibility of the
Owner or occupier of the respective Lots.
13 Auckland Council Rates: These costs exclude general rates which are billed directly to owners by Auckland
Council.

Budget B01 Moore Street 34

 Levy Estimates

Estimated Estimated Estimated

Lot Bedrooms
General Levy Insurance Levy Total Levy

G1 3.5 $ 1,225.81 $1,463.41 $2,689.22

G2 2.5 $ 1,225.81 $1,266.61 $2,492.42
G3 2.5 $ 1,225.81 $1,261.56 $2,487.37
G4 2.5 $ 1,225.81 $1,246.43 $2,472.23
G5 3 $ 1,225.81 $1,412.95 $2,638.76
G6 2.5 $ 1,225.81 $1,291.84 $2,517.65
G7 2.5 $ 1,225.81 $1,266.61 $2,492.42
G8 2.5 $ 1,225.81 $1,266.61 $2,492.42
G9 2.5 $ 1,225.81 $1,261.56 $2,487.37
G10 2.5 $ 1,225.81 $1,261.56 $2,487.37
G11 2.5 $ 1,225.81 $1,291.84 $2,517.65
G12 3.5 $ 1,225.81 $1,513.88 $2,739.68
G13 2.5 $ 1,225.81 $1,261.56 $2,487.37
G14 3 $ 1,225.81 $1,423.04 $2,648.85
G15 3 $ 1,225.81 $1,423.04 $2,648.85
G16 2.5 $ 1,225.81 $1,266.61 $2,492.42
G17 2.5 $ 1,225.81 $1,286.80 $2,512.60
G18 2.5 $ 1,225.81 $1,281.75 $2,507.56
G19 3 $ 1,225.81 $1,423.04 $2,648.85
G20 3 $ 1,225.81 $1,423.04 $2,648.85
G21 3 $ 1,225.81 $1,423.04 $2,648.85
G22 3 $ 1,225.81 $1,423.04 $2,648.85
G23 3 $ 1,225.81 $1,433.14 $2,658.94
G24 2.5 $ 1,225.81 $1,286.80 $2,512.60
G25 2.5 $ 1,225.81 $1,291.84 $2,517.65
G26 3 $ 1,225.81 $1,423.04 $2,648.85
G27 3 $ 1,225.81 $1,423.04 $2,648.85
G28 3 $ 1,225.81 $1,423.04 $2,648.85
G29 3 $ 1,225.81 $1,423.04 $2,648.85
G30 3 $ 1,225.81 $1,423.04 $2,648.85
G31 3 $ 1,225.81 $1,433.14 $2,658.94
$ 38,000.00 $ 42,000.00 $80,000.00