“What changed this year, and what does it do to next year's contributions or the plan?”
What it is
A yearly update of a forecast Wickham Advisory built for you — the sinking fund forecast or long term financial plan — rolled forward one year with actual balances, revised costs and any new decisions, so the plan stays current without starting again.
The model rolled forward a year with actuals, a change log against the prior version, and a two-page summary for the AGM or budget meeting. Available for forecasts and plans Wickham Advisory has built.
When clients call us
Twelve months after the original engagement, ahead of the annual general meeting or budget adoption.
What you receive
Updated model, rolled forward one year, with a change log against the prior version
Two-page refresh summary: what changed, why, and the effect on contributions or the plan
Updated levy or contribution schedule where applicable
What we’ll need from you
A one-page checklist comes with the engagement letter, with a private page to upload everything. The main items:
Actual fund balances at the anniversary date
Actual income and expenditure for the year since the last forecast
Any capital works completed, committed or deferred in the year, with costs
Any new quantity surveyor's report, valuation or condition assessment received
Minutes of any meeting where capital works or contributions were decided
Current contribution schedule and any changes to unit entitlements
Not included
Does not include re-inspection of assets or a new quantity surveyor's report, does not re-scope the original engagement, and does not include changes to the model structure — a material change in circumstances is quoted separately.
What it can look like
Representative example
A 64-lot scheme one year after its forecast · Annual Refresh (Sinking Fund or LTFP)
Saving owners $18,000 at the next AGM
Last year's forecast had set a 5% contribution increase. The committee wanted to know if that was still needed after the painting was completed.
$18,000Lower contributions next year
5% to 3%Increase needed
$2,000Fee for the work
Contribution increase needed next year
Last year's forecast5%
Refreshed with actuals3%
Down 2 points
Where the gap was
The repaint came in 18% under the forecast cost and interest earned was higher than assumed, so owners pay $18,000 less next year.
Insight
Rolling the model forward with actuals showed the repaint came in 18% under the forecast cost, and interest earned was higher than assumed.
Advice
Reduce next year's increase from 5% to 3%, with the change log showing exactly why.
Opportunity
About $18,000 less in contributions next year, with the long-term position unchanged.
Results
The refreshed forecast and change log went to the AGM, and the lower increase was adopted.
Representative example: a composite scenario with narrative-driven figures, showing the kind of result this work is designed to produce. It is not a specific client engagement and the outcome is not a guarantee. A full case study walk-through is available on request.
Common questions
What is an annual refresh?
Rolling an existing sinking fund forecast or long-term financial plan forward a year with actual results, with a change log against last year's version and a two-page summary for the AGM or budget meeting. It is available for models Wickham Advisory has built.
How much does it cost?
From $2,000 plus GST ($2,200 including GST), over about two weeks.
