Page 155 - (A) Mammoth (998pp)

www.mitrehouse.org / email: management@mitrehouse,org
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On 17 Dec 2015, at 16:16, Fortunati, Diego - GCIB LDN <diego.fortunati@baml.com> wrote:
Dear Paul,
Please find a?ached confirmaAon for the payment of the Service Charge 2016/1 for Flat 9.
I would appreciate if you could provide the following clarificaAons, in a clear and concise manner, on the Forecast 2015 and Budget 2016:
1. 2.
3. 4.
Details of the expenditure for the refurbishment of Mitre House in 2015
Why general repairs have surged from 0 in 2014 to £1,150 in 2016? What do these fees refer too? Who is the supplier we are using?
Why professional fees in the budget 2016 have gone up to £1,350 from £195 in 2014 or c. 6 Ames? What professional services are we using? Who is the supplier?
I also noted the constant increase in the management fee and would appreciate an explanaAons as to why. Normally those fees are relaAvely constant overAme, eventually increasing mildly every 3 to 4 years, while you have increased them by 15% (from £4,320 to £4,995) in the last 2 years alone, well beyond even any inflaAon staAsAc
If we could cut by half each of the 4 items above (which I don’t believe is unreasonable) we could save more than to £3,700 resulAng in more funds for the reserve or immediate savings of c. £100 per quarter per flat: more than 10% vs. today. Appreciate thoughts about it.
On the other hand well done on the savings on the li` & common parts