EXPENDITURE FOR THE MONTH OF JAN 2009

1. Expenditure / Cash Outgo from 1 to 31st January 2009.

(a) Electricity Bill for the month of December 2008 Rs. 24,996/-

(b) Electric spares (including fuse, starters etc.) Rs. 2,117/-

(c) Diesel for Generator Rs. 3,695/-

(d) Security Bill for January 2009 Rs. 37,190/-

(e) LPG Gas for Guard’s room Rs. 200/-

(f) MTNL Rs. 954/-

(g) Lohri Celebration Rs. 800/-

(h) Republic Day Celebration Rs. 9,028/-

(i) Salary to employees Rs. 20,850/-

(j) Overtime paid to employees @ Rs.400/- each

(i) Shri Ram Kishan
(ii) Shri Gauri Shankar
(iii) Shri Sarad
(iv) Shri Narayan Rs. 1,600/-

(k) Garbage Removal Charges (MCD) Rs. 500/-

(l) Library Bill Rs. 699/-

(m) Photostat Rs. 49/-

(n) Stationery (Refills only) Rs. 15/-

(o) Postage Rs. 51/-

(p) Quarterly payment for Lifts AMC (Jan to March 09) Rs. 58,750/-

(q) Lunch/Tea expenditure for Auditors Rs. 513/-

(r) Painting of Garages including HT & TT Rooms Rs. 18,000/-

(s) Painting of all the Lifts Rs. 4,000/-

(t) Labour charges for HT room, elect. sub-station, TT
room, telephone room including seepage for Flats 71/97
& Flats 113/120 (recoverable) Rs. 8,540/-

(u) Material purchased for repairs Rs. 640/-

(v ) Road Roller engaged to flatten the land strip.Rs. 1,000/-

(w) Two trolleys of fresh earth for land strip. Rs. 2,400/-

(x) Five Palms for Gate & Geru for painting pots. Rs. 550/-

(y) Electric Kettle purchased for office Rs. 595/-

(z) Cleaning Material Rs 1,074/-

(aa) Two taps & sink pipe for office Rs. 455/-

(bb) Rope for Tricolour Rs. 40/-

(cc) One LCC card replaced for intercom Rs. 5,100/-
------------------
Total Expenditure: Rs. 2,04,401/-
------------------
2. Amount Received :

(1) Maintenance (Including Recoveries) Rs. 1,55,600/-
(2) Water Charges Rs. 7,050/-
(3) Chand Case Rs. 82,000/-
(4) Ground Rent Rs. 48,429/-
(5) Proceeds of sale of condemned items
as recommended by Condemnation Board. Rs. 5,600/-
(6) Miscellaneous receipt Rs. 5,481/-
-----------------
Total Receipt : Rs. 3,04,160/-
------------------


3. Continuing with the Management's policy of striking a fine balance between development, maintenance, improvement and increasing our savings for a rainy day, Rupees two lakhs have been parked in a fixed deposit with the State Bank of Indore at an interest rate of 9.75 % p. a for a period of 364 days. With the latest FD, the Management has been able to put back the Rupees four lakhs that had to be withdrawn for Chand case by prematurely encashing two FDs of Rupees two lakhs each. The total amount in fixed deposits has been restored to Rupees twelve lakhs again.


4. Members desirous of checking details are welcome to the Society’s office and check the accounts on any day between 10 AM to 5 PM. The right of the Members to demand inspection of all Society’s accounts maintained by the MC will be respected at all cost.

5. Suggestions / recommendations to improve accounting procedures and introduce transparency are welcome and shall be taken in the right spirit.