Seymour Consultants

Sinking Fund Forecasts/Capital Works Funds

All Strata Schemes are required by law to have a 10-year Sinking Fund Forecast/Capital Works Fund in place. Seymour Consultants will prepare a 15-year forecast to maintain a validity date of 5 years. We will make sure your Sinking Fund Forecast/Capital Works Fund is comprehensive, easy to read, and customised for your needs.

What is a Sinking Fund Forecast/Capital Works Fund?

The Sinking/Capital Works Fund is a document set up to establish a reserve of funds to cover future expenditure for the replacement and/or maintenance and repair of building components at the end of their expected life. 

 

The sinking/capital works fund budget will fix the contribution amount required to cover the capital expenditure required to maintain the building over its effective life.

What Requirements Must a Sinking Fund Forecast and Capital Works Fund Satisfy?

Sinking Fund Forecasts must satisfy the current requirements of the Body Corporate and Community Management Act 1997 (QLD) and Strata Scheme Management Act 1996 ( NSW). All Strata Schemes are required by law to a Forecast/Fund in place. The Forecast/Fund is based on a reasonable estimate of the expected life of the components listed in the report.

Included in a Sinking Fund/Capital Works Fund

A clear, comprehensive report outlining capital replacement, maintenance costs and financial planning for your strata property

Projected Maintenance & Replacement Costs

Covers expected costs for key building elements such as roofing, flooring, painting, and landscaping over a 10-year period.


Estimated Life Expectancy of Building Components


Provides an assessment of when major repairs or replacements will be required based on industry standards.


Financial Planning & Contribution Estimates


Details the starting balance, recommended contribution rates, and anticipated future expenses to ensure financial preparedness.


Unexpected Expenses

Includes a buffer for unforeseen maintenance or repairs, reducing financial stress for owners.


Regular Review Recommendations


Advises updates every 3 years or after significant maintenance work to ensure accuracy and compliance with legal requirements.

Our Simple Three-Step Process.

Consultation

We begin with a detailed discussion to understand your needs, goals, and project requirements.

Tailored Solutions

Our experts analyse your specific criteria and deliver personalised reports and recommendations.

Delivery & Support

Receive your reports on time, with ongoing support to ensure successful implementation and outcomes.

FAQs

Tailored Solutions for
Diverse Sectors.

At Seymour Consultants, we proudly provide expert services across a range of
sectors, including Strata, Property Management, Construction and Development.
Timeframes vary depending on the service, but most reports are delivered within four weeks.
Yes. Once assigned, your inspector will be your primary point of contact for the duration of the project or report.
Our team is dedicated to delivering clear, effective, and highly accurate reports. Our strong communication and deep expertise in building compliance distinguish us from others.
We utilise custom-built systems that are continuously refined to meet client needs. Combined with the expertise of our qualified inspectors, this ensures the highest level of accuracy.
Yes, we provide cost-effective solutions without compromising on quality.
Yes, we have extensive experience providing building compliance services for hospitals, schools, not-for-profit organisations, and aged care facilities.
You can request a quote or submit a work order through our website. Alternatively, contact us via our contact page, call us at 07 5573 4011 , or email us at info@seymourconsultants.com.au .
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