Sinking Fund Reports

Maynard Marks Sinking Fund Reports are complimentary to our Long-term or Planned Maintenance Survey reports.

Sinking Fund Reports are typically implemented by Commercial Property Owners or by a Body Corporate of multi-unit residential complexes. The requirement for the implementation of a Long-term maintenance plan and Long-term maintenance/sinking fund is mandatory under the provisions of the Units Titles Act 2010. The Sinking Fund forecast is presented as a spreadsheet document appended to a maintenance plan, scheduling out the remaining life expectancy of the various elements of the building and the financial implications of the maintenance required. Budget costs for the completion of maintenance requirements are equally apportioned against each building element, spread over the period preceding replacement, so that an overall and annual budget can be set for both large capital expenditure and regular annual maintenance items. Our Sinking Fund Reports are typically completed for a 10-year cycle, but the document should be considered “live” and therefore should be reviewed and amended accordingly every two to three years.

For further information in relation to sinking fund reports and long-term maintenance plans click here.