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New Executive Board installed

New Executive Board installed

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Thirty Three Dollars Is All It Takes

Thirty Three Dollars Is All It Takes

More details
Summary: Audit Report 2013/14

Summary: Audit Report 2013/14

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New Harbour Village II donates to Sunbeam Boys Home

New Harbour Village II donates to Sunbeam Boys Home

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Thirty Three Dollars Is All It Takes

33-dollars

 

Written by: Basil Harriott (Phase 2)

In a community update dated September 03, 2014, and subsequently at the Annual General Meeting held in December, the New Harbour Village II Citizen Association declared that effective January 05, 2015 the community will assume full responsibility of the security arrangements at the entrance gate. This stemming from the declaration of Gore Developments that having handed over 98% of the houses, they will no longer bear the responsibility of security guards at the main gate.

The current cost of the security arrangements being paid by Gore Developments is $550,000 per month. With The Association already paying $100,000 monthly towards the automated barrier system and card access reader, the total expenditure will amass in excess of $600,000 monthly in order to maintain the current security arrangements. This looming increase in expenditure by about 600% is expected to further cramp an already cash strapped entity, with a bank balance of less than $600,000 and an average of $182,000 flowing into the coffers monthly from payment of maintenance fee by residents. We are yet to take into account the cost of utilities, upkeep of green spaces and ancillary fees for the day to day operation of the association. If this picture does not change soon, the association will be bankrupt within a year.  

graph-bar-audit

 

Breakdown of the monies collected per phase

If such a horrid situation should unfold, the Association would be forced to cease operation of the automated gated system and the security arrangements. The gates would be flung open to all and sundry, exposing the community, residents and properties to the mercy of anyone who decides to pillage, rape and in the process incite violence which may result in serious injury or death.

The safety and security that we desired when making the decision to invest will be grossly violated, we will no longer enjoy the peace and comfort of our community and even if we barricade ourselves in our homes, we cannot stay inside indefinitely

In addition, the aesthetics of the community would be severely ruptured, with unkept green spaces and a dilapidated community centre. The unattended gates will also attract unwelcome guest whose motive is to chew down vegetation and cause devastation to our gardens.

As residents, we have equal share in the development of our community and each must play their part to ensure its sustainability, to guarantee safety and security of lives, properties and investment; also, to keep out surroundings clean and kept, thereby boosting the cost of our investment.

The audited financial report 2013/14 released by the Association revealed that only 21% the projected 1124 residents are compliant in paying of their monthly maintenance fee, this represents about 180 households and is grossly inadequate and insufficient to maintain the safety and security and long term growth in investment that we desire. 

compliance-rate

 

Table showing the fees collected versus total collectable

 

If the compliance rate is to be increased to hover around 60%, then we will be able to break even each month for security and upkeep and maintenance. What it requires is only $33 a day from each resident, and I am certain this does create any additional burden on 60% of the New Harbour Village II residents.

All it takes from each resident to advent to impending dilemma is just $33 a day! When will you start paying your $33?

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New Harbour Village II

Bay Road, Old Harbour, 

St. Catherine, Jamaica.
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