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/

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. AGENDA
• Significance
• Methodology
• Factors
• Size
• Source of income
• Distribution
• Controls
• Build

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. 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. 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. FACTORS: SOURCE OF INCOME
• Maintenance
• Sponsorships
• Bank Interest
• Penalties

7. FACTORS: DISTRIBUTION
Separate accounts
• Current
• Short term
• Long term
• Welfare

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. FACTORS: BUILD THE FUNDS
• Surplus is very important
• Move savings every year into corpus
• Extra collections if no surplus