Sobha Palm CourtApartment Owners' Association
Apr 26 to Aug 26 · receipts and payments basis

Where the money goes

Everything paid out from Apr 26 to Aug 26, in the month it was paid. Nothing is smoothed. The half-yearly lift contract shows in June because that is when it was paid.

Paid out, Apr 26–Aug 26
₹1.58 Cr
₹1.42 Cr running costs + ₹16.5 L one-time items
Per month
₹31.6 L
one-time items included
Maintenance covers
68%
of running costs

Month by month, by category

5 months, by category

The dashed line is monthly maintenance income. The gap above it is the shortfall.

The biggest heads

HeadPer monthShare of running costs
Sobha Ltd - FMS₹9,63,07234%
Security charges₹6,53,49623%
Electricity (BESCOM)₹4,97,97118%
Water (BWSSB)₹1,70,4036%
Lift AMC / UPS AMC₹1,60,1026%
STP/WTP maintenance₹70,0512%
Garbage, biomedical & garden waste₹53,5872%
Advance income tax₹50,0002%
Audit fees₹40,3921%
TDS remitted on vendor bills₹31,4931%
Pest control₹26,2951%
Accounting charges₹24,8851%

Three items are two-thirds of everything: facility management by Sobha (₹98 L a year), security by VEX (₹85 L including GST) and electricity (₹60 L). Both service contracts are going to tender. The target is ₹25–30 L a year in savings.

One-time items

Repairs and purchases outside the monthly run. ₹16.5 L in four months. The largest:

MonthItemAmount
Jun 26CFO renewal - STP (KSPCB consent to operate; 5 years)₹6,12,521
Aug 26CFO renewal - STP (KSPCB consent to operate; 5 years)₹1,88,500
Aug 26Security/gate AMC renewal (15 Jul 2026 - 14 Jul 2027)₹1,64,720
Apr 26Paver block laying service₹1,26,099
Jul 26Paver block laying service (balance)₹1,13,286
May 26Tree mesh box frames + SS railings + cricket ground pipe framing₹1,00,980

The association's purchasing and accounting controls are being reviewed. A revised policy will be put to the General Body for approval.

Updated 15 September 2026. Accounts to end Aug 26; deposits as at 7 September 2026; survey August 2026. Published by the Managing Committee. Questions: spcaoa@gmail.com