Municipal Deposits on a levy statement

Municipal Deposits on a levy statement

In specific complexes, the municipal deposit on your first levy statement is a once off charge for your portion to contribute to the bulk municipal deposit that the city council is holding for the body corporate’s water and electricity account.

This is an amount that will be refunded to you, should you decide to sell the unit in the future, then the next owner will be billed for the deposit.

    • Related Articles

    • I have a prepaid meter, why am I still being billed on my levy statement?

      You will notice on your levy statement that you are still being billed for electricity usage in your unit, which is being charged by the Body Corporate. When the resident purchases electricity, the prepaid company will, once a month, deposit the ...

    • My payment is not reflected on my levy statement

      Payments are reflected on the statements if the payment is made before the "Payments Up To" date noted on the levy statement. Payments are allocated automatically if the correct payment reference is used. The payment reference is noted on the levy ...

    • Levy Statement Line Items Explained

      The levies are made up of the items in the budget. Please refer to the AGM Notice folder on ANGOR Online. The budgets (Standard Levy and Maintenance Reserve Fund - where applicable) are contained in the AGM notice. In a Body Corporate (Sectional ...

    • Tax Statement or Debtors/Levy Ledger

      On ANGOR Online, there are 2 methods to generate a Tax Statement or Debtors/Levy Ledger. Option 1 - Levy Statement On the "View Transactions" screen select the required date range. The transactions for the date period will be displayed on screen. ...

    • What is a backdated levy?

      At the beginning of a new financial year the levy has to increase to cover increases in Body Corporate expenses. However, this increase may only be passed at an Annual General Meeting (AGM). Since the AGM can only be held once the audited annual ...