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Legislative Assembly for the ACT: 1999 Week 7 Hansard (2 July) . . Page.. 2258 ..
Mr Smyth
(continuing):(16) Yes, three. My department or its consultant received them after 16 March 1999. The
parties were advised to await notification of commencement of marketing. General enquiries of the local real estate market are not included in these figures.
12 (a-e)
Costs and Benefits
Financial costs and benefitsREVENUE 96/97 97/98 98/99 Projected
Gross rental income $253,353 $245,538 $248,800
EXPENSES
ACT Housing's Operating Costs:
Management Fee (incl. disbursements) $40,000 $35,000 $40,684
ACT Housing Manager $21,000 $21,000 $22,500
ACT Housing overheads $23,000 $23,000 $23,500
Debt Servicing $11,000 $11,000 $9,500*
Accounts management $8,000 $8,000 $5,000
Property Outgoings - W&S $22,999 $24,676 $24,356
- Electricity $11,800 $13,659 $10,133**
General Rates $2,592 $2,628 $2,268
Land Tax $647 $1,046 $1,077
Insurance $1,428***
R&M (note: 5 year average + abnormals) $16.800 $16.800 $16,800****
$29.968*****
TOTAL EXPENDITURE $157,838 $156,809 $187,214
Explanatory Notes
* Based on part performance it is anticipated that the debt level will increase by $20,000 in 98/99** Electricity payable for group lighting and power to ablutions blocks
*** Insurance premiums first paid 1998/99 - management fee includes liability insurance
**** R & M given as average over 5 years expenditure (for urgent and minor) other than ***** significant work to ablutions blocks in late 1998.
Note: The above figures exclude the impact of the debt owed to the Commonwealth which if attributed to the caravan park would amount to approximately $85,000.
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