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Brigade Metropolis - Financial Planning & Expense Control

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The Treasurer & President of Brigade Metropolis – Anil Agarwal and Anil Danti, the former a CA himself, took stage.

The learning from Brigade Metropolis - a 1600 apartment community were many, and served as a great case study of Treasurers with no prior knowledge of Accounting or Financial Governance doing a great job adding Value to their Public Funds, with their Personal Commitment and a Transparent System.

This Slideshare helps in understanding the Financial Planning & Expense Control systems of 1600 Apartment Complex in Bangalore.

To get a clear insight check the link below:
http://apartmentadda.com/blog/blog/2013/10/11/workshop-for-treasurers-2/

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Brigade Metropolis - Financial Planning & Expense Control

  1. 1. BRIGADE METROPOLIS F I N A N C I A L P L A N N I N G & E X P E N S E C O N T R O L PRESENTED BY ANIL DANTI & ANIL AGARWAL IN:
  2. 2. AGENDA • Significance • Methodology • Factors • Size • Source of income • Distribution • Controls • Build
  3. 3. SIGNIFICANCE • It’s all but obvious on why we need to control the cost/expense. • Scarcity of resources • Better utilization which leads to better overall atmosphere in community, resulting in vibrancy and togetherness.
  4. 4. METHODOLOGY • Savings = Receipts - Expenses • Decision about which side of fence is best suited for your case. • Not many people concentrate on increasing receipts. • Expense control is all about being alert and observant.
  5. 5. FACTORS: SIZE • Very critical factor as this determines the economy of scale. • BM case: • 1618 apartments • 25 lakh square feet common area • High expenditure every month
  6. 6. FACTORS: SOURCE OF INCOME • Maintenance • Sponsorships • Bank Interest • Penalties
  7. 7. FACTORS: DISTRIBUTION Separate accounts • Current • Short term • Long term • Welfare
  8. 8. FACTORS: CONTROLS • Easiest place of all to misuse • Every thing is negotiable for a better price • Audit regularly and randomly • Always have checks and balances • Strong SLAs • Reduce cash transactions • All payments to have purchase requests • Multiple approvers • Share and collect contacts
  9. 9. FACTORS: BUILD THE FUNDS • Surplus is very important • Move savings every year into corpus • Extra collections if no surplus

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