the vista financial challenge

we hv told our regular vendors & contractors that the payment for the coming few months will be delayed, most likely can only be settled in full in Dec'09, when the new car sticker be issued.

we did foresee this, even b4 we hv issued the car sticker in month of June (pls refer to article & comment earlier), but it took us awhile to find out that 85% hv settled Jan-June service charge coz of sticker, but abt 60-65% continue to pay after collected it.

those "extra" money hv collected in June coz of sticker, used mainly to cover the shortfall for the month of July & August, & other urgent major repair works like water tanks, generator, capacitor bands, etc, also used some for the new parking area, which is the investment for the future return, we should see the full return in the next renewal in Feb 2010, then after, it should consider as net income.

even though we hv confident that by end of Dec'09, collection will surge up to 85% for July-Dec when residents collecting new sticker, but it's important to help residents to cultivate habit to settle their SC promptly, so that we can hv sufficient fund to attend to the urgent maintenance cases as some non-regular vendors only accept cash term.

we plan to call an EGM in the near future to address this problem, so now let all of us (resident & committee) start to think of few ideas, then we will hv an excellent brainstorming session in the EGM to overcome this financial nightmare, which hv been haunting almost all the medium cost apartment in PG.

so, let's start thinking....

thanks.
cheng/JMB

committee members' struggle

i'm afraid soon we will lose 2 more committee members, due to accusation of bribery.

we hv lost 1 few months ago, very committed & capable 1, after he found out residents suspect he took some allowance, he resigned. great loss for us.

perhaps it's price to pay for all these improvement the JMB hv brought to Vista Condo, almost behind all the size-able projects, certain JMB member, especially committed & active 1, will be accused of bribery.

i hv few cases brought to my attention in the past, all w/o proof, such as "i heard somebody who also heard from somebody that somebody is making money...", but when i try to investigate, nobody can actually tell that who started it, or eyewitness it, but the problem is, it hurts the member who was accused.

i can't give the warranty that all members r clean, but as far as i'm concern, they r clean coz i hv no proof or eyewitness yet. (at personal level, i trust each 1 of them)

so far, 4 committee members suffer these kind of accusation since JMB start operating actively in Feb'09, 1st person got hit when we were interviewing & choosing vendor, 2nd person was 1 who help to get plumber to fix all the leaking water tank, 3rd person was getting the contractor to fixed the piping & roof leaking problem, 4th person was accused coz of new parking area.

the fact is, we hv interviewed vendor or compared few quotation before we decided to pass the project to certain contractors, especially for big projects.

(now we r dealing w/ new report, i hope we will get the eyewitness for it if it's true)

can any1 suggest to us how to stop this so that the active & committed members can continue to serve the community of Vista Condo?

Thanks.
cheng/JMB

action on hardcore defaulter

we r sending out the final warning letter to the hardcore defaulter, those hv owed more than 6 mths service charge, the letter will be out next tuesday.

we give them until end of sept'09 to settle all, failing which,

1) notice of demand will be sent, then follow by legal action.

2) regular car parking lot used by them in the past, will be allocated to other residents.

there r 39 of them, most have not pay since Jan'2009, total debt is abt RM35k, including the fire insurance.

imagine what RM35k can do? a lot indeed, especially now the aging lift need some repairing urgently, also, many gutters r in bad shape, how abt TNB & water bill, security, claening, etc...

it's not fair just rely on the good pay masters to pay for the service of vendors & utility bills, & we hv given enough time & chance for these hardcore defaulter, so now it's time for action.

(for u guys' info, abt 60% of residents do pay SC on time, abt 10% will pay abt 1 or 2 mths late, 15% r not paying since collected their sticker, most likely will pay in dec'09 when they need new sticker)

special thanks to the 60% of the good pay master, we hope ur good example will be followed by all the Vista residents.

thanks.
cheng/JMB