Differences

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--- spa [2024/10/21 13:10] – [Goal/ Objective/ Status] 103.6.151.222
+++ spa [2024/12/25 10:21] (current) – [Goal/ Objective/ Status] 103.252.202.197
@@ Line 5: / Line 5: @@
 ===== Goal/ Objective/ Status =====
-To bring down the amount of contributions SPs owe to June 2023 level.
+Three objectives:
+  * To reduce the amount of contributions SPs owe to June 2023 level (i.e. $26,429).
+  * To rationalise and streamline the payment process (per Koh Thong Joo's feedback at 39 AGM).
+  * To ensure Council Members are not in arrears at AGM
-Current SP Arrears: $55,843.65 (as at end-Aug 2024)
+Current SP Arrears:
+  * $66,735.93 (as at end-Oct 2024)
+  * $44,763.42 (as at end-Sep 2024)
+  * $55,843.65 (as at end-Aug 2024)
+  * $76,480.38 (as at end-Jul 2024)
 ===== Background/ History =====
+==== What is our objective? ====
+**Bottom Line:** To minimise the amount MF/SF contributions that SPs owe the MCST. This amount is tracked in the Accounts presented each AGM as: "Amount owing by subsidiary proprietors" in the "Finance: Receivables" section
+Note also feedback from SP Koh Thong Joo, who was frustrated by the lack of response/acknowledgement when he followed the instructions by emailing Newman Finance.
+==== Finance: Receivables ====
+^ Year  ^  2024  ^  2023  ^  2022  ^  2021  ^
+^ Amount owing by subsidiary proprietors  |  46,021 |  26,429 |  33,397 |  24,585 |
+^ Deposits  |  11,325 |  13,595 |  7,075 |  9,085 |
+^ Other receivables  |  54,736 |  39,857 |  6,746 |  771 |
+^ Interest receivables  |  12,614 |  10,535 |  6,818 |  7,954 |
+^ Prepayments  |  12,614 |  10,535 |  11,496 |  7,507 |
+^ Recoverable  |  - |  4,724 |  11,825 |  11,850 |
+^ Total  ^  124,696 ^  95,140 ^  77,357 ^  61,752 ^
+^ ^ ^ ^ ^ ^ ^  2022  ^^  2023  ^^  2024  ^^
+^ Year^  2021  ^  2022  ^  2023  ^  2024  ^ ^  %  ^  Diff  ^  %  ^  Diff  ^  %  ^  Diff  ^
+^ 0 to 30 days  |  $477 |  $445 |  $356 |  $1,883 ^ |  -6.71% |  -$32 |  -20.00% |  -$89 |  428.93% |  $1,527 |
+^ 31 to 60 days  |  $0 |  $137 |  $98 |  $261 ^ |  #DIV/0! |  $137 |  -28.47% |  -$39 |  166.33% |  $163 |
+^ 61 to 90 days  |  $12,573 |  $25,617 |  $13,038 |  $26,341 ^ |  103.75% |  $13,044 |  -49.10% |  -$12,579 |  102.03% |  $13,303 |
+^ Over 90 days  |  $11,535 |  $7,198 |  $12,937 |  $17,536 ^ |  -37.60% |  -$4,337 |  79.73% |  $5,739 |  35.55% |  $4,599 |
+^ Total  ^  $24,585 ^  $33,397 ^  $26,429 ^  $46,021 ^ ^  35.84% ^  $8,812 ^  -20.86% ^  -$6,968 ^  74.13% ^  $19,592 ^