Chairperson Chris Hobbs opened discussion about this agenda Item with help from Stuart Ward in going over the audited accounting report from 2014. Highlighted discussion included the following; Total current assets position and the section of long term assets decreasing from 6,532,509.60 to 10,000 thb because this money was to be used for legal cases facing
SCR. Interest revenue ( found on the Smt of revenues and expenditures ) was down because of the long term investment was stopped. Revenue from utilities (water ) is down because of usage while staff costs and management fees stayed relatively the same. Contract service expenses were up because of all the repairs the building had done during the year. Under accounts receivables there are some serious common fee totals that are due from slow paying owners. It has been noted these slow payers for common fees will soon be charged interest in accordance with ARTICLE 44 in the SCR bi laws.Building insurance cost premium has gone down as well as pest control and supplies mainly because of usage. Questions were asked from attendees about other costs such as the Tuk Tuk service and the response from the chairperson was the Tuk Tuk now has an advertiser ( signage on the back paying 4,000 thb per month that will help pay expenses ) Also management will start to charge .15 thb per ride.