Page 23 - Interface July 2024

P. 23

General considerations
on construction below
the flood line
• Subject to strict regulatory
requirements
• Council approval
• Water use license (Dep of Water
and Sanitation)
• Potentially Environmental Impact
Analysis (EIA) (Dep of
Agriculture, Forestry and
Fisheries)
• Critical flood line is 50 years flood
line plus 32 meters

Summary of
costing
• New pump house 1.4
• New halfway house 5.6
• Padel courts 2.1
• Upgrade of chipping and mashie
area 3.0
• New Golfer’s bar 1,7
incl moving of pizza oven
and sushi bar
• TOTAL 13.8

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5 5 YEAR CAPITAL PLAN
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C CAPITAL INCOME CHOA O A F FY2025 2 5 F FY2026 2 6 F FY2027 2 7 F FY2028 2 8 F FY2029 0 2 9 T Total 5yrs y r s
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R REVENUE: Buy-in levy e v y 1 1,651,200 2 0 0 1 1,651,200 0 0 1 1,651,200 0 0 1 1,651,200 0 0 1 1,651,200 2 0 0 8 8,256,000 0 0
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REVENUE: OPEX Contribution i o n 7 720,000 0 0 0 1 1,120,000 0 0 1 1,520,000 0 0 1 1,920,000 0 0 2 2,320,000 0 0 0 7 7,600,000 0 0

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E EXPENDITURE: Projects total t a l 6 6,588,520 5 2 0 1 1,900,000 0 0 3 3,600,000 0 0 3 3,880,000 0 0 2 2,250,000 0 0 0 1 18,218,520 2 0
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P Perimeter t e r 4 475,000 0 0 0 2 225,000 0 0 - - - - 3 350,000 0 0 0

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Paint perimeter walls Main gate 1 300m of plaster 350,000
Paint perimeter wall top gate 620m of plaster wall 250,000
Replace cement palisade of 1000m 225,000 225,000
Replace 2500m precast wall - - - • Projects for the next FY
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S Security infrastructure u r e 9 900,000 00 1 1,025,000 0 0 9 900,000 0 0 1 1,000,000 0 0 1 1,000,000 0 0 0 will be presented at the
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Upkeep security systems 900,000 900,000 900,000 1,000,000 1,000,000
Replace license scanners - 125,000 AGM for approval.
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B Buildings and structures r e s 4 4,763,520 5 2 0 - - 2 2,500,000 0 0 2 2,500,000 0 0 - - • 20 Year plan reviewed
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Revamp guard house - - 500,000 500,000 - annually.
Irene precint - - 2,000,000 2,000,000
Padel tennis courts 4,763,520

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E Equipment e n t - - 2 200,000 0 0 - - 1 180,000 0 0 - -
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Replacement of golf cart - - - 180,000 -
Replace utility vehicle - 200,000 -
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C Computers/ Systems m s 2 250,000 0 0 0 2 250,000 0 0 - - - - - -
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Replace portions of fibre cable and converter module`s 250,000 250,000
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G Gardens & river cleaning i n g 2 200,000 0 0 2 200,000 0 0 2 200,000 0 0 2 200,000 0 0 9 900,000 0 0 0
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Bridges walking trail - - - 700,000
Beautification of the Estate 200,000 200,000 200,000 200,000 200,000
5
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- -2,362,520 2 0

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A ASSUMPTIONS C CASHFLOW
• BIL Income – Average of 48 properties per year (FY 2024 – 60)
• Opex contribution to capital reserve of R 720k Year 1, thereafter 2% YOY
0
0
above levy increase for 5 years. 2 2025 2 5 2 2026 2 6 2 2027 2 7 2 2028 2 8 2 2029 2 9 2 2030 3 0 2 2031 3 1 2 2032 3 2 2 2033 0 3 3 2 2034 0 3 4 2 2035 3 5
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O Opening bank balance c e 1 16,000,000 0 0 9 9,274,680 6 8 0 1 11,951,880 8 8 0 1 12,672,080 8 0 1 12,363,280 8 0 1 14,084,480 8 0 1 15,675,680 8 0 1 17,571,880 8 0 1 17,131,080 8 0 1 15,442,280 8 0 1 17,148,480 8 0
,
7
• Operating expense increase by 7%. Levy will increase by 9% (2% BIL Revenue 1,651,200 1,651,200 1,651,200 1,651,200 1,651,200 1,651,200 1,651,200 1,651,200 1,651,200 1,651,200 1,651,200
contribution to capital reserve – 5 Years) Revenue from OPEX budget 720,000 1,120,000 1,520,000 1,920,000 2,320,000 2,320,000 2,320,000 2,320,000 2,320,000 2,320,000 2,320,000
• Annual review and prioritizing of all capital projects. Capital Expenditure - 20 Year Plan (6,588,520) (1,900,000) (3,600,000) (3,880,000) (2,250,000) (2,380,000) (2,075,000) (4,412,000) (5,660,000) (2,265,000) (1,980,000)
SSC Capex contribution advance (1,260,000) - - - - - - - - - -
• Loan amount of R 3 mil payable over 3 years at interest rate of 9.25%. SSC Capex contribution/Income 603,000 657,000 - - - - - - - - -
SSC Loan (3,000,000) - - - - - - - - - -
Repayment SSC Loan 1,149,000 1,149,000 1,149,000 - - - - - - - -

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C Closing bank balance c e 9 9,274,680 8 0 1 11,951,880 8 8 0 1 12,672,080 0 8 0 1 12,363,280 8 0 1 14,084,480 8 0 1 15,675,680 8 0 1 17,571,880 8 0 1 17,131,080 8 0 1 15,442,280 8 0 1 17,148,480 8 0 1 19,139,680 8 0
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