Finances

Things have been very hectic since the AGM, leaving little time for writing posts here, however hopefully there will be more time now the "legalities" have been dealt with and the new Administration can function properly.

The financial situation continues to be a big worry, we are still a long way from having enough money in the Bank to pay the Electricity bill for this month, which is due to be paid in the next couple of weeks. The meters have been read, the bills will be available in the next few days, and I ask all Owners to pay them as soon as possible. In the meantime Owners may pay money into Banco Popular, which will be set against their bills. Some Owners have already done this for which we are very grateful. Please make sure when paying money into the bank to get your name and plot numbers printed on the receipt.

I have spoken to the Manager of Banco Popular about the possibility of Owners paying their fees by monthly direct debit. He said this was a possibility through the administrators APYME. I will be speaking with Alberto as soon as possible. Several Owners have expressed interest in the idea, and it would give Mi Sol a more stable financial situation.

Because of the serious nature of the finances, I have cancelled all payments from the Bank except the Water and Electricity charges. The telephone service has been cancelled in the Office until we are in a position to have it re-connected. Any Owner wishing to contact Mi Sol should contact the Administrators APYME telephone number 0034 965 713 342 or fax 0034 965 713 403. or e-mail me directly to misolpark@gmail.com.

It is also with much regret that I had to inform Steve the Gardener we can no longer employ him, we simply have no money to pay him. When funds allow, he will be paid the money we owe to him as promised when he was first employed by Pepe.

No further cheques signed by Pepe will be paid by the Bank. Less than an hour after this arrangement had been legally applied a cheque for Euro 250 was presented for payment. This payment was refused, the cheque in question was for the Engineer who had overseen the contract to change the name on Mi Sol Electricity account from Pepe to me. Pepe did tell the Engineer to cash the cheque the next day, clearly he did not do this. The Engineer visited Mi Sol and I spoke with him directly, explaining that there was no money to pay him. I assured him that when funds were available a new cheque would be issued.

Any cheques written on behalf of Mi Sol, must now have my signature, plus one of the two following Mrs J. Hanrahan or Mrs L. Jimenez. They will be signed at the Committee meetings, with a written explanation of what they are for.