The budget has been prepared by Auckland Body Corporate in good faith and is based on their vast experience in the New Zealand Body Corporate Industry. This pie chart gives a broad overview of the draft budget which is based on estimates and quotes. The largest cost, in the annual budget, is insurance for the buildings and infrastructure, this is full building replacement based on the Insurance Valuation. The underwriter is NZI through Marsh Brokerage. For clarity the budget does not include rates, costs relating to the interior of the unit, a commercial rental manager (If tenanted) and rubbish removal.
The estimated levy amounts are based on the November 2024 draft budget. The budgeted costs have been based on estimates and projections, involving elements of subjective judgement and analysis compiled on information that is currently available and maybe subject to change. The body corporate budget does not cover rates.
The body corporate is governed by the Unit Titles Act 2010 and its Regulations 2011, and apportionments are determined by Utility Interests.
Roger@aucklandbodycorporate.co.nz
021 719 608
30 Gaunt Street, Wynard Quarter Auckland, 1010
