Tuesday

Today is a tiring day as I had just attended the Annual General Meeting for Gentle Reflection.

Basically the main purpose of an AGM is to review the annual accounts and make necessary adjustment to meet current expenditure or reduce unnecessary variable costs.

An example of a variable cost is utility usage for every month, measures like changing normal bulbs to LED bulbs and changing taps to key taps are ways to decrease these variable costs. Since the PUB is adjusting their rates every quarterly or semi-annually, the forecasting or budget allocated must include this variable too. Hence if the Managing Agent fails to include this factor, it is the responsibility of the council members to inform the MA.

Audited accounts not necessary means there is no errors. Therefore a secondary check by the respective council member is greatly appreciated. Council members should also make should breakdown is included for high expenditure items in order to be well-informed and safe from unnecessary spending.

I feel that I can never be able to be less careful as I always wanted to be prepared before any meetings. Hence reading, checking, identifying errors beforehand is a practice and because of this I am very tired and feel like sleeping anytime soon.

Hope that I can wake up tomorrow morning :D Cheers.