We are staying within budget
The balance of the Maintenance, Repair and Replacement Fund = R403 043, including April’s MRR contributions as confirmed by our managing agent today.
This balance can be divided into the following projects (left as per MRR Plan – downpipes, apron slabs & gate repair done)
| 24 units’ exteriors walls (repair and paint) | R261 388 |
| Dividing walls (x11) – repair and paint | R42 792 |
| Garden equipment | R8 713 |
| Lights (common property) | R3 000 |
| Minimum balance of Reserve Fund | R78 266 |
| Sundry projects | R 8 884 |
Thus, we can proceed with our projects regarding paint and repair of exterior walls, and the dividing walls. Work is scheduled to start in May.