ARIHANT ARDEN

BUDGET/PROPOSAL
2022 -6.532023
Satyam Srivastava
Treasurer, Arihant Arden AAO
 CURRENT AVERAGE MONTHLY INCOME
Income by different heads

Particulars Amount
CAM from Residents (2.10 X ~20 Lacs SqFt) 4225000
CAM from Market Area 85000
Club Booking Income (Including Salon Rent) 70000
Rental Income (ATM, Apolo, Lift Ad) 71000
Builder Interest on IFMS and Sinking Fund (Principal remaining Approx. 2.5 Crores) 140000
FD Interest (on IFMS fund of 2 Crore 56 Lacs + Electricity EB/DG load Security of 25 Lacs +
150000
14 lacs of sinking fund)
Canopy Charges 20000
NBH ERP 20000
NOC Income 150000
DG Fixed Charges Income 100000
Total Current Average Monthly Income 5031000

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 CURRENT AVERAGE MONTHLY INCOME
Income distribution by head
NBH ERP, 20000, 0% NOC Income, 150000, 3% DG Fixed Charges, 100000,
Canopy Charges, 20000, 0% 2%
FD Interest, 150000, 3%
Builder Interest on IFMS and
Sinking Fund, 140000, 3%

Rental Income (ATM,

Appollo, Lift Ad), 71000, 2%
Club Booking Income, 70000,
1%

CAM Market Area, 85000, 2%

CAM Residents,
4225000, 84%

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 CURRENT AVERAGE MONTHLY EXPENSES
Expenses by different heads and Actual/Expected Cost Per SqFt
Actual Cost Per SqFt
Particulars Amount (Total Area ~20 Lacs SqFt)
OCS (Maintenance including club manpower) 2275000 1.14
Panzer Security 1350000 0.67
AMC (Lift, Cummins, Agora, Fire) 505000 0.25
Horticulture 120000 0.06
AAO Staff (Including PM) 175000 0.09
Club Maintenance Other then Manpower
125000 0.06
(Electricity+HK Material+Pool Material+AC/Equipment Services
Electricity Common Area 600000 0.30
Material Cost 300000 0.15

Expenses of Capital Nature 200000 0.10

Total Current Average Monthly Expenditure 5650000 2.82
Income from other sources other than CAM 806000 0.40
Expected CAM to be generated to reach the Break Even Point 4844000 2.42

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 CURRENT AVERAGE MONTHLY EXPENSE
Expense distribution by head

Electricity Common Area, Material Cost, 300000, 6%

600000, 11%

Club Maintenance Other then

Manpower, 125000, 2%

AAO Staff (Including PM), OCS (Maintenance

175000, 3% including club
manpower), 2275000,
42%
Horticulture, 120000, 2%

AMC (Lift, Cummins, Agora,

Fire), 505000, 9%

Panzer Security, 1350000,

25%

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CURRENT SITUATION – INCOME VS
EXPENSES

Total Monthly Total Monthly

Average Average
Income: Expense:
5031000 5650000

Current Deficit:
-619000

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 SOLUTION – OPTION 1
Particulars Amount
Club Fixed Usage Charge of Rs 200 per
month 303800
Gym, Pool, Snooker and TT on Paid basis 50000
Total New Proposed Income 353800
Current Deficit -619000
Remaining Deficit -265200
CAM Increase of 15 Paise from 2.10 to 2.25
300000
on ~20 Lacs SqFt
Net Profit/Loss as reserved fund 34800
CAM Increase of 20 Paise for reserve Sinking
400000
Fund (From 2.25 to 2.45 on ~20 lacs SqFt)
Total Provision of sinking Fund 434800

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 SOLUTION – OPTION 2
Particulars Amount
CAM Increase of 35 Paise Flat from 2.10 to
700000
2.45 on ~20 Lacs SqFt
Total New Proposed Income 700000
Current deficit -619000
Net Profit/Loss as reserved fund 81000
CAM Increase of 20 Paise for reserve Sinking
400000
Fund (From 2.45 to 2.65 on ~20 lacs SqFt)
Total Provision of sinking Fund 481000

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SOLUTION CONCLUSION
• In Option 1, we are trying to make the Club self sustainable. CAM charge will increase
from 2.10 to 2.25 to compensate the remaining deficit. Further 20 paise increase in
CAM charges from 2.25 to 2.45 to provision the sinking fund. Residents will have to pay
200+GST as fixed charges for club and Gym/Pool/Snooker/TT as per usage and
effective CAM charges would be 2.45 per SqFt in this option.
• In Option 2, we proposed flat increase of CAM towards maintenance from 2.10 to 2.45
Per SqFt. We will be at a break even point with this increase. We have further proposed
provision of 20 Paise per SqFt for reserve sinking fund. If we provision the sinking fund,
then effective CAM charges would be 2.65 per SqFt.
• Both the option has provision of Capital Expenses of up to 2 Lacs Per Month towards
improvement. This will cover all Capital expenses of up to 5 lacs. In future we can
absorb insurance cost from this fund.
• Both the option has provision of Approx. 4 Lacs per month for Sinking Fund for any
eventuality or emergency as society getting older. This will cover all Capital Expenses of
more then 5 lacs in future.
• For now, since we don’t have any reserve fund, we have some proposal in next slide
related to Repair/Paint, Insurance and CCTV Coverage on each floor. If we start building
the reserve sinking fund from now, then in future these expenses can be covered from
this reserve fund.

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 PROPOSALS FOR MAJOR CAPITAL EXPENSES
• Repair and Paint
• Approx. Budget of Rs. 2 Crores 40 Lacs
• Total Super Area of 1519 flats = ~20 Lacs SqFt
• Cost to Residents One Time
• 2 Crores 40 Lacs / ~20 Lacs = Rs 12 per SqFt * Flat Size

• Society Insurance
• Average Quotation 8.5 Lacs
• Cost to Residents one time in current Year
• 8.5 Lacs / ~20 Lacs = 42 Paise per SqFt * Flat Size
• Will be charged once every year
• Cost to residents for subsequent year will depend on premium

• CCTV Coverage on each Floor

• Quotation 22 Lacs
• Cost to Residents one time only
• 22 Lacs / 1519 = Rs 1488 per flat
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 THANK YOU
Satyam Srivastava
Treasurer, Arihant Arden AAO
treasurer@arihantardenaoa.org

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