Transparency & Oversight
Financial Management for Schemes
Managing the financial health of a Body Corporate requires a balance of technical expertise and absolute transparency.
Under the Sectional Titles Schemes Management Act (STSMA), trustees bear a significant fiduciary responsibility to manage both the Administrative Fund and the Reserve Fund with extreme care. We provide the professional oversight needed to ensure that budgets are realistic, funds are appropriately allocated, and financial reporting is beyond reproach.
Our service involves detailed monthly management accounts that give trustees a clear view of the scheme's performance against the approved budget. We help you navigate the complexities of 10-year maintenance plans, ensuring that the reserve fund is always adequately capitalized for future capital projects. This proactive approach prevents the need for sudden and stressful special levies, protecting the property values of every owner within the scheme.
- Preparation of detailed monthly management reports for trustees.
- Administrative and Reserve fund accounting and reconciliation.
- Strategic budgeting aligned with long-term maintenance plans.
Regulatory Adherence
Sectional Title Compliance
Compliance is not a one-time event; it is the foundation of a well-run community scheme.
The regulatory landscape for Community Schemes in South Africa is becoming increasingly complex. From the CSOS (Community Schemes Ombud Service) reporting requirements to the statutory audit requirements of the STSMA, trustees must navigate a minefield of legal obligations. We act as your compliance partner, ensuring that your Body Corporate remains in 'Good Standing' with all regulatory bodies.
We prepare the scheme for its annual audit, ensuring that all records are meticulously organized and technically accurate. Our expertise in CSOS compliance ensures that all returns are submitted on time and that the correct levies are calculated and paid. By maintaining a rigorous focus on statutory requirements, we help trustees mitigate their personal liability and ensure the scheme's governance is beyond challenge.
Audit Readiness
Professional file preparation to ensure a smooth and efficient annual audit process.
CSOS Reporting
Handling of all statutory returns and compliance requirements for the Ombud Service.
Efficiency & Consistency
Levy Administration
The consistent collection of levies is the lifeblood of any Body Corporate. We provide a robust administration service that ensures the scheme's cash flow remains stable and utility recoveries are managed with absolute precision.
Billing & Collection
Accurate monthly levy billing, including utilities and maintenance recoveries, backed by clear statements for every owner.
Utility Recovery
Meticulous oversight of electricity and water meter readings to ensure accurate recovery and scheme sustainability.
Arrears Management
Strategic follow-up processes to manage levy arrears and protect the scheme's overall financial health.