The sinking fund budget must—
(a) allow for raising a reasonable capital amount both to provide for necessary and reasonable spending from the sinking fund for the financial year, and also to sinking an appropriate proportional share of amounts necessary to be accumulated to meet anticipated major expenditure over at least the next 10 years after the financial year,
having regard to—
(i) anticipated expenditure of a capital or non-recurrent nature; and
(ii) the periodic replacement of items of a major capital nature; and
(iii) other expenditure that should reasonably be met from capital; and
(b) fix the amount to be raised by way of contribution to cover the capital amount mentioned in paragraph (a).
Big ticket items like Lifts and Painting are sinking Fund Items verses light bulbs in the Administration Fund
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