The History of the Budget at May Tower II
Owners' Area: This section contains financial data intended for Owners of TSCC #1431.
Last 10 Years
Previous 10 Years
Please note that the scale of the Y-axis changes when switching the period to view.
Individual Unit Assessment: The monthly common charge for each unit is determined by dividing
the total budget common assessment by 12 (months in a year) and by multiplying each unit's percentage contribution to common expenses .
Actual Expenses Comparison (Last 2 Years)
Comparison of actual spending across major categories for the two most recent fiscal years.
Maytower II's fiscal year goes from July 1 to June 30 of the following year
Budget Categories
A. Utilities
Gas: The water for the fan coil heating system will be heated by natural gas. In addition, all domestic hot water used within the building and corridor fresh air will be heated by natural gas.Hydro: The budget provides for all domestic electricity used in common area, lobby and power for mechanical systems and lighting.Water: The budget provides for all domestic water used in common area and includes the cost of for make-up water to the heating and air-conditioning system.Telephone: Cost associated with the telephone system, Bell service for office, security, elevator, phone lines and office fax line.
B. On-Site Wages & Benefits – Payroll
Superintendent: Cost associated with one full-time superintendent inclusive of benefits.Benefits
C. Contracts – On-Site Personnel
Cleaning: Cost associated with the housekeeping of the building common area, inclusive of uniforms, supplies, equipment, and building carpet cleaning.Concierge: Provision for concierge/guard in main lobby, 24 hours x 7 days, including statutory holidays, and uniforms.
D. Contracts
Carpet Cleaning: Cost associated with the building common area carpet cleaning once per year including mats for a total of two carpet cleanings per annum (one with cleaning contract).Elevator: Cost associated with the comprehensive monthly elevator maintenance, inclusive of emergency calls (after hours), equipment repair.Fire Alarm Monitoring: Cost associated with outside alarm monitoring stationAnnual Fire Alarm Test: Costs associated with the annual fire system test and certification of audio system panel, fire extinguishers, sprinklers, and fire pump. Monthly inspection according to the Ontario Fire Code.Garage Cleaning: Provision for cleaning the underground garage power wash and catch basins once per annum.Garbage Chute: Costs associated with the disinfecting and power cleaning twice (2) per annum of the compactor and building garbage chute.HVAC Mechanical: Costs associated with the monthly preventive maintenance of all the mechanical equipment, comprehensive of mechanical repairs exclusive of non-moving parts, bi-annual boiler maintenance shut-down/stan-up.HVAC Chiller: Cost associated with the preventive
maintenance/comprehensive mechanical repair, start-up/shut-down of the chiller/cooling tower air-conditioning system.HVAC Chemical: Costs associated with the chemical maintenance of the water distribution system on a monthly basis.Indoor Plant: Cost associated with the weekly comprehensive interior plant maintenance.Landscaping/Snow Removal: Cost associated with the seasonal snow plowing, salting and snow removal, and the seasonal weekly landscaping.Management: Cost associated with the Management agreement as forms part of the disclosure documentPest Control: Cost associated with the monthly servicing of the common area.Indoor Pool Contract: Cost associated with the weekly pool maintenance and chemical supply.Window Washing: Cost associated with the exterior building window washing, one (1) time per annum.Miscellaneous: Cost associated with miscellaneous expenditure.
E. Amenities Pool & Maintenance
Pool Repair & Maintenance: Cost associated with the
repair/replacement of pool, spa, and steam room equipment.
F. Building Safety Feature Expense
General Building Safety: Costs associated with the equipment repair of the enterphone system, in-suite alarm panel system and monitors.Generator: Cost associated with the preventive maintenance of the emergency generator system.Fire Equipment: Cost associated with the fire alarm system repair.Enter-phone: Cost associated with the enter-phone service provided by “Bell Canada”Radio: Cost associated with the rental of the Mike system
G. Housekeeping & Maintenance
Carpet Repair: Cost associated with any miscellaneous repairs. E.g. cigarette burns.Cleaning Supplies: Cost associated with cleaning supplies, garbage chute deodorizer, change room toiletries, and garbage bags.Painting / Decorating: Cost associated with painting/drywall repair due to floods and up keep.Garage Door: Cost associated with the repair of the garage door.Hardware & Doors: Cost associated with repair of locks, doors, and door closures.Maintenance Supplies: Cost associated with the purchase of small tools and supplies.Signage: Cost associated with the common area signs.Small Equip. Repair/Fan Coil: Cost associated with the
repair/replacement of in-suite fan coil parts.Windows Miscellaneous: Cost associated with the biannual tractor maintenance, garbage bin repair, and garbage chute repair.
H. Electrical Expenses
Bulbs & Parts: Costs associated with the purchase of bulbs, ballast, transformer, and fixtures.Electrical Miscellaneous: Cost associated with infrared scanning and repairs of the main electrical transformer.
I. Exterior Repair & Maintenance
Annual Planting/Calcium: Cost associated with the annual planting and calcium pellet purchasing.Tagging: Cost associated with the tagging of illegally parked vehicles.
J. Mechanical Expenses
Annual Fan Coil: Cost associated with the bi-annual preventive maintenance of in-suite fan coil units and filters.Plumbing: Cost associated with repair by outside trades to domestic hot water or plumbing systems.
K. Other Operating Expenses
Building Improvements: Costs associated with staff Christmas Bonus, Halloween, Christmas, and building improvements.Consulting: Costs associated with professional fees such as legal and engineering.
L. Insurance Expense
Building Insurance: Costs associated with Directors and Officers liability, public liability, master key coverage , sewer back-up, earthquake, flood, professional fee, boiler and machinery.Insurance Deductible Insurance Appraisal Insurance Trustee
M. General & Administrative
Annual General Meeting: Cost associated with the annual general meeting packages, stamps, rentals, catering, and AGM minute takingAudit Fee: Cost associated with the annual third party audit “Furlong & Company”.Meeting Cost: Cost associated with the monthly Board Meeting minute takerOffice Expense: Cost associated with the purchasing of office supplies and equipment repair.Duplicating: Cost associated with. the lease of the photocopier and photocopying chargesUniforms Miscellaneous: Cost associated with courier charges.