2nd Annual General Meeting - Annual Report and Statement of Accounts

This posting is 2 months late. But better late than never. Sorry Chiam.

Date: 23rd January 2011, Sunday

Time: 4.30pm

Venue: Puteri 11 Playground (Nadia)

8 January 2011

Notice of the Second Annual General Meeting

Notice is hereby given that the Second Annual General Meeting of the Bandar Puteri 11, Puchong, Selangor Residents Association will be held on the 23 January 2011, (Sunday) at 4:30 p.m. at the Puteri 11 Playground, Nadia.

AGENDA

1. Chairman’s Opening Address.
2. To receive the Report of Management Committee and matters arising thereof.
3. To receive and adopt the Audited Statement of Accounts for the year ended 31 December 2010.
4. Proposal to waive the 2011 membership annual fee of RMl0.00 for members who joined in 2010.
5. To nominate and elect Management Committee for the year 2011.
   a. Chairman
   b. Vice Chairman
   c. Secretary
   d. Assistant Secretary
   e. Treasurer
   f. 9 Ordinary Committee Members
   
6. To appoint 2 Honorary Auditors.
7. To appoint 3 Trustees.
8. Any other matters.
9. Address by the New Chairman.
10. Adjournment.

Your presence at the meeting is very much appreciated.

By order of the Management Committee

Mahendra A/L Ragupathy
Hon. Secretary

Second Annual General Meeting

CHAIRMAN'S REPORT ON BEHALF OF THE MANAGEMENT COMMITTEE

A very happy and prosperous Chinese New Year to our members in Bandar Puteri 11, Puchong, Selangor.

Our Residents Association (RA) is a voluntary non-profit organisation set up by our Bandar Puteri 11 residents. The RA’s objectives are to protect the common interests of our residents, to provide security and safety to our residents and to foster good neighbourhood spirits among our residents.

Support and cooperation from our residents is necessary for our RA to succeed in attaining the above objectives. The willingness of our residents to come forward and volunteer their services to our community is essential to our success.

Our RA was registered on 6 November 2009 by the Registrar of Societies, Selangor. The initial objective of establishing our RA was to strengthen our representations to the authorities concerning our objections to the condominium project to be developed next to our homes.

The first Annual General Meeting (AGM) of our RA was held on 25 April 2010. At that time there were only 45 members registered with our RA. The current team of 17 RA Committee members, Auditors and Trustee were elected from among the 45 members at the AGM. Mr Khoo Khay Hock and Mr Ng Ping Chew had in December 2010 resigned as Auditor and Committee member respectively and we thank them for their services to the RA.

During the tenure of our RA Committee from the 25 April 2010, the following were the activities carried out.

1. Management Meetings and EGM

Our RA Committee conducted 4 management meetings during our tenure of office. The meetings were held on 23 May 2010, 15 August 2010, 30 October 2010 and 4 January 2011.

An Extraordinary General Meeting (EGM) was held on 30 October 2010. At the EGM our members approved the engagement of a registered security company to provide security services in our Puteri 11 neighbourhood and the payment of the security fees.

2. IOI Condominium Development

While we are successful in stopping the massive condominium project from going ahead, we are uncertain on the future plan on this piece of land. According to IOl’s Marketing office, there are now plans to develop three storey town houses there. This revised development plan has not been submitted to MPSJ for approval. We are closely monitoring this development and will inform our members of any latest news.

We would like to express our gratitude to the Menteri Besar of Selangor, the Member of Parliament for Puchong, the Yang DiPertua of MPSJ and the MPSJ Councillor for Bandar Puteri for their understanding and assistance extended to us on the matter.

We thank the members of the print media for highlighting our concerns in the various newspapers. We thank many of our members who had supported and contributed in one way or another towards our objection exercise.

3. Illegal Roadside Parking Outside Puteri Bayu Apartment

This car parking issue is still being pursued with MPSJ by our RA. IOI is not helping to resolve the problem as the road had been handed over to MPSJ. While waiting for MPSJ to come up with a solution, we encourage our Puteri 11 residents to call up MPSJ Hotline 03-56376545 to make complaints of the dangerous parking situation there. This will help to put some urgency into the matter.

4. Membership

Our membership number as at 31 December 2010 is 319, lower than the number of houses contributing to the security fees. Effort will be made to get these households to sign up as members that will then entitle them to attend and vote at our second AGM.

At the forthcoming AGM we shall propose to our members to waive the RM 10.00 annual fee for 2011 for members who joined in 2010. A large majority of our residents took up memberships in the later half of 2010.

5. Security Guard Services

We shall start our security guard services with effect from 16 January 2011 after successfully getting a one and a half month extension from IOI. The original termination date notified by IOI was 30 November 2010. The security fees that we collected for three months covering December 2010 to February 2011 shall now be treated as payment for January to March 2011.

The security company we engaged is Z Force Security Services & Systems Sdn. Bhd. They are also engaged by two other RAs in Bandar Puteri. We signed a one month probation contract with them and the continuation of their services shall be reviewed thereafter.

There will be 5 guards working during the day from 7:00 a.m. to 7:00 p.m. and another 5 guards during the night from 7:00 p.m. to 7:00 a.m. The fee is RM 3.80 per hour and including service tax the total fees comes to about RM 15,000.00 per month. Our members at the EGM on 30 October 2010 had approved this amount of payment.

6. Security Fees Collection

As at 31 December 2010, the number of houses contributing to the RM 50.00 monthly security fees is 344. We started the collections on 30 October 2010 immediately after the EGM. Collection is done on a quarterly advance payment basis as being commonly practice by many of the other RAs.

The combined total number of houses in Nadia, Olivia and Primrose is 471 units, excluding the 8 units semi-detached under construction at Primrose. The number of houses still unoccupied as at 31 December 2010 is around 70 units. The percentage of houses contributing to the security fees calculated on occupied houses is 86% (344 over 401).

7. Bank Account

Our RA maintains a bank account with Public Bank, Bandar Puteri, Puchong Branch. The Chairman, Secretary and Treasurer together are the authorised cheque signatories. As at 31 December 2010 our account has a balance of RM 51,703.00 as is shown in the audited financial statement of accounts.

Our funds are derived primarily from membership fees and security fees. Membership fees are used for paying printing, stationery and meeting expenses. Security fees are used for paying the security guards services. Other activities carried out are expected to be self funding.

8. Other Activities

MPSJ had installed one road hump along Jalan 11/ 1A next to the playground to slow down speeding vehicles. Additional road humps were requested to be installed along this road nearer to the Puteri 12 border. Vehicles are often seen speeding on this long stretch of road causing danger to our residents there.

We managed to get IOI to sponsor RM 500.00 cash for the Moon Cake Festival gathering organised by our members at the Puteri 11 Playground. Our RA and the other Bandar Puteri RAs together with the Serdang District Police jointly organised the IOI 5 Km Fun Walk in Bandar Puteri last month.

We have officially become a member of the Bandar Puteri Community Policing which was launched by the Chief Police Officer of Selangor on 5 December 2010.

The Officer in-Charge of Police Department Serdang District has agreed to our RA’s request to have police patrol cars conducting daily surveillance within our Puteri 11 neighbourhood.

RA Meet Residents sessions were held at the Puteri 11 playground on every weekend in the month of October and November 2010. Notices in English and Chinese concerning our RA news are posted on the back of the three MPSJ signboards located at the playgrounds next to Nadia, Olivia and Primrose houses.

Conclusion and Acknowledgement

Many of our current Committee, including the Chairman will not seek re-elections at our second AGM. We think it is a good practice to have new fresh faces elected into the Committee each year. This should encourage more of our members to be actively involved in our RA and help build a dynamic support group.

We strongly encourage our residents who are hesitating to join as members of our RA to do so now. We want your support and participation in building a united and harmonious community in our Puteri 11 neighbourhood.

Today our association is just 15 months old. We shall progress and improve with the experience and understanding that we gather each year. Much more can be achieved in the coming years as we continue to develop our community bonding and our resources.

We wish the incoming RA Committee for 2011 every success. We shall extend our full cooperation to ensure a smooth handover of duties to you. Your success is our community’s gain.

Our special thanks to our members Mr Chang Kai Seng for his kind sponsor in setting up and hosting of our website www.puchongputeri11.blogspot.com and Ms Alice Choo for her great effort in beefing up our membership numbers.

Lastly, we would like to express our utmost appreciation to our Road Representatives, our RA members and our residents in Bandar Puteri 11 for your sponsorships and contributions to our RA and for your support, cooperation and assistance extended to our Committee during our tenure of office.

With best wishes,

Chiam Tun Cheng
Chairman
Date: 8 January 2011

Statement of Receipt and Payments

for the financial year ended 31 December 2010

RECEIPTS	RM
Membership fees	4,785.00
Security fees	50,700.00
Contribution from IOI	500.00
	55,985.00
PAYMENTS
Contribution from Mooncake festival	500.00
Rental for canopy, tables, chairs for meeting	920.00
Refreshments for AGM	10.90
Printing and stationery	333.60
Banners	125.00
Bank charges	7.50
Security tags and car stickers	2,400.00
	4,297.00
Surplus of Receipts over Payments	51,688.00

Balance Sheet

as at 31 December 2010

	RM
Current Asset
Cash at bank	51,703.00
Less: Current Liability
Overpayment by a member	15.00
	51,688.00
Financed by:
Reserve Fund	51,688.00
Bank Reconciliation
Balance per bank statement at 31 December 2010	51,823.00
Less: Unpresented cheque (Cheque no. 240810)	120.00
Cash at bank as per balance sheet	51,703.00

Prepared by:	Prepared by:	Examined by:
Loke Queng Tuck	Chiam Tun Cheng	Ngiam Mia Teck
Treasurer	Chairman	Pemeriksaan Kira-kira
Date: 7 Januay 2011