Top Category: Facility Income – Contributing 83% of the total income, primarily driven by maintenance charges.
Stalls and Ads Revenue Growth: This month witnessed significant growth in stall, advertisement, and film-shoot income, achieving nearly ₹1.32 lakh in revenue – a remarkable accomplishment! 🎉
👏 A special appreciation to our Secretary for coordinating the film shoot and being actively available from start to end. Heartfelt thanks to the security team, staff, and residents for ensuring smooth coordination and excellent support during the shoot. 🙌
💸 Expense Highlights
Total Expenses: ₹7,94,392
Largest Expenses:
Staffing: 44.1% of total expenses
Electricity: 25.9% of total expenses
Electricity Savings Update:
🎉 Big Win: The Finance Team extends its congratulations to our Joint Secretary for implementing a tariff change for the A Block meter, saving nearly ₹30,000 on the electricity bill!
Comparison at a Glance:
⚡ August: For 15,667 units, we paid ₹1,81,888.
⚡ September: For 15,578 units, we paid ₹1,80,759.
⚡ October: For 18,538 units, we paid ₹2,15,379.
⚡ November: For 15,722 units, we paid ₹1,50,777.
Savings: Nearly ₹30,000.
This was achieved by shifting the tariff category from LA1A to LA1D, ensuring optimized costs for the apartment. For more details, feel free to contact our Joint Secretary.
📄 Income Tax Filing Update
✅ Completion: Our Finance Team has successfully completed the pending income tax filing.
📉 Optimized Cost: Despite earlier estimations exceeding ₹1.5 Lakh, the filing was completed at a significantly reduced cost of ₹11,500.
🎉 Kudos: A big round of applause to the Finance Team and our President for this remarkable accomplishment! 🙌
🏢 Lift License Renewal Update
Old Quotation:
License for 6 Lifts: ₹61,000
Insurance: ₹3,000
Coordination Charges: ₹30,000
🎉 Optimized Costs: Through the dedicated efforts of our FMS Manager Veera, along with our President and Joint Secretary, we successfully reduced the ₹30,000 coordination charges. This achievement ensures significant savings while maintaining quality service.
👏 Congratulations: A big thanks to Veera for his exceptional contribution to this cost-saving initiative!
🏅 RR Sports Committee Update
🎉 We proudly celebrate the achievements of our RR Sports Committee:
🏓 Table Tennis Tournament:Successfully completed this month.Kudos to all participants and organizers!👏
🎯 Carrom Tournament: Belated congratulations for last month’s wonderful event. 🎊
🌟 Best wishes to the committee for future tournaments and activities! 🙌
🔄 Carried Forward Expenses (₹4.91 Lakh)
🔧 STP UF Board Work + Pressure Vessel: ₹90,000 - 🟡 In Progress
💸 Income Tax: ₹1.8 Lakh - ✅ Completed
🚡 Lift AMC (Johnson Lift): ₹66,000 - ✅ Completed
🛢️ B Block Genset Oil Service: ₹25,000 - 🟡 In Progress