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Part Two · Finances · Chapter 7 of 25

Budget Review

Every dollar earns its place

Spending only what adds value to the owners’ investment.

Household budgets are stretched, and every levy dollar matters. A well-run scheme spends with purpose. Each expense should protect the building, improve it or lower what it costs to run.

Where money quietly slips away

In many schemes the leaks are small and easy to miss, which is why they last for years.

Management costs that creep.

Extras added to a base fee can lift the total well beyond the original quote.

Contracts left on autopilot.

Electricity, lift, security and cleaning contracts that renew year after year without being compared with the market.

A forecast that does not match the building.

A sinking fund forecast written without seeing the building can leave the scheme short when major works fall due.

Repairs left too long.

As an illustration, a repair costing tens of thousands today can cost many times that within a few years.

How Clearview keeps spending honest

We take no commission on any purchase the scheme makes. Whatever the premium, all of it goes to the insurer. Every contract is checked against the market, every invoice is checked against its scope, and every dollar saved stays in the scheme’s own accounts.

The budget review

Clearview reviews every scheme’s budget question by question, from management costs and commissions to contracts, the sinking fund and the money it holds. The committee receives the findings in plain words, with the savings available and what each would mean for the levies.

Find out where your scheme’s budget could work harder.

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