276days since
AGM Meeting 2011

Finance

Patrick Smit is our finance director. Please feel free to contact him with any questions or suggestions regarding BCE's finances.

email: finance@beaulieu-estate.co.za 

2012 levies and budget presented to SGM on 10 November 2011

 

BCE’s 2012 levies and budget were presented to the Special General Meeting of residents on Thursday, 10 November 2011 at the Kyalami Country Club. In summary, the main features are:

1.      The monthly levy will increase by 7.5% to:

o   Standard plots:             R2,150

o   Sectional titles:             R1,450

o   Perimeter properties:    R1,075

The monthly admin discount will remain at R100 for residents:

o   who have signed BCE’s debit order authorisation form, or

o   who pay for the whole year in advance for by 31 January 2012.

Of course, we would all prefer not to have any levy increase next year, but that will not be possible if we want to maintain our current security level and other services, especially after levies were not increased from last year.

2.      We trust that the large majority (at least 85%) of residents will continue to pay the monthly levy each month. We will also look for new ways to encourage the remaining 15% of residents to pay their levies and so to share the costs of maintaining our peaceful and secure country lifestyle.

3.      Peaceforce’s monthly fee will increase by 7.5% next year in terms of their contract. This is BCE’s biggest monthly expense by far.

4.      Other expenses are expected to increase in line with inflation. As we have done this year, we will continue to control BCE’s spending tightly and look for savings wherever possible.

 

Why do we pay levies?
They are quite substantial.

How much must I pay?
Beaulieu Country Estate has a policy that indicates how levy amounts are decided.

Standard Levy: R2,150 per month less admin discount if applicable *

Sectional Title Levy: R1,450 per month less admin discount if applicable *

Perimeter Levy: R1,075 per month less admin discount if applicable *

Vacant Stand Levy
There is no levy if you own a vacant stand.

Reduced Levies
There are members of our community who are experiencing financial distress. Our policy is to be inclusive and supportive, so these folks have an arrangement with BCE to pay a reduced levy. If you are unable to afford the normal monthly levy, please contact us to arrange a more affordable amount.
 
* Admin Discounts
To reward residents who reduce our admin costs by commiting to regular monthly levy payments, we allow an admin discount to everyone who pays through BCE's monthly debit order system or for the whole year in advance. To enjoy this benefit, please contact our admin manager, Dot Somerside, at the main gate admin office or by email to admin@beaulieu-estate.co.za for a debit order authorisation form.
 
Armed response fees
SSG’s full armed response service is available at no further charge to residents whose monthly levy accounts are fully paid up and who pay by debit order or in advance for the whole year. This is worth at least R600 per month. To get connected, please contact our security manager, Johan Engelbrecht, on 079 527 8274 or security@beaulieu-estate.co.za

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BCENPC.pdf
(205k)
Dot Somerside,
4 Jan 2012 22:18
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Dot Somerside,
4 Jan 2012 22:16