BUSH TELEGRAPH
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As at February 2015 R135,755 in levies have<br />
been collected via the legal handover process.<br />
At the end of February 2015 there are 18<br />
homeowners who have been handed over<br />
for collection. There are currently 1237 levies<br />
invoiced inclusive of the developer levy.<br />
6. CAPITAL EXPENDITURE<br />
As at February 2015 R518,182 was spent on<br />
capital expenditure.<br />
Security equipment<br />
(CCTV upgrade, Golf course<br />
thermal cameras) 296,390<br />
Motor vehicles 65,000<br />
Roads (speed humps) 27,936<br />
Land and buildings 154,875<br />
Bush buck club 6,248<br />
Pool upgrades 30,613<br />
Furniture (Upgrade of Reception &<br />
Welcome Centre) 2,120<br />
TOTAL 583,182<br />
7. TOTAL MEMBERS’ FUNDS/RESERVES<br />
AMOUNT TO R74.3 MILLION<br />
T<br />
total R<br />
Funds balance as at end<br />
February 2015 74,325,637<br />
Investments in fixed assets and<br />
other investments 22,736,682<br />
Other receivables to be collected 2,781,541<br />
Cash Component 67,506,550<br />
Less amounts due to creditors (18,699,136)<br />
Total 74,325,637<br />
Cash Component less amounts due to<br />
creditors and less funds not earmarked for<br />
capital replacements 41,826,859<br />
PRESENT VALUE 10 YEAR CAPEX<br />
REQUIREMENT 66,867,871<br />
SUMMARY<br />
Cash Component Vs<br />
10 Year Capex requirement<br />
Cash Component 41,826,859<br />
PV 10 YEAR CAPEX REQUIREMENT<br />
66,867,871<br />
SHORTFALL (25,041,012)<br />
ZEMA OPERATIONS<br />
CHRIS MARAIS<br />
ZEMA Operations and<br />
Environmental Manager<br />
Alien Plant Control<br />
The Local Authority has made some<br />
amendments to its National Invasive Species<br />
List. Some of the specifics are listed below<br />
and would be worth noting, especially if you<br />
are buying or selling a property.<br />
The National Invasive Species List comprises<br />
559 invasive species in 4 categories.<br />
• Invasive species are now regarded as a<br />
liability and must be identified before the sale<br />
of any property.<br />
• The NEMBA (National Environmental<br />
Management: Biodiversity Act) Regulations<br />
state that a seller of property must, prior<br />
to the relevant sale agreement, notify the<br />
purchaser in writing of the presence of listed<br />
invasive species on that property. A copy<br />
of a seller’s Declaration of Invasive Species<br />
must be lodged with the Compliance Officer,<br />
Biosecurity Services and the Department of<br />
Environmental Affairs.<br />
• Estate agents will not be able to sell a<br />
property without completing a ‘Declaration of<br />
Invasive Species’ certificate.<br />
• Horticultural and fauna experts can sign<br />
up to become invasive species consultants<br />
capable of identifying invasive species on a<br />
7
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