To calculate the sinking fund contributions within a cost centre

The procedure to calculate the sinking fund contributions within a cost centre is as follows:

1. Navigate to Quick Menu > Service Charges > Management > Sinking Funds. The Sinking Fund window is displayed.
2. Expand a cost centre heading and select an associated sinking fund from the alphabetical list, or type its name into the Search Sinking Funds field. By default the list is filtered to show Current sinking funds. An alternative filter can be applied using the Select view drop-down field: Expired, Future or All combinations 1.
3. Click on Expected Costs. The Expected Costs tab is activated, revealing all anticipated expenditure to be covered by the sinking fund.
4. Click on Calculate Contributions 2. A list of assets linked to the sinking fund cost element is compiled and the apportioned period charges calculated for each, based on the overall expected costs 3.
5. Click on Close.

Note

1 The Search Sinking Funds field will match against any element of the sinking fund description.

2 This option is activated only in the instance where one or more expected costs have been recorded against the sinking fund.

3 The calculated period contributions for each asset take into account any group apportionment rules in operation and also the current interest rate applicable to the sinking fund.

See related topics...

Sinking fund management overview

To apply an adjustment to a sinking fund account

To apply a new interest rate to a sinking fund

To create a new sinking fund for a cost centre