Finances

Whilst I would much prefer to look forward rather than dwell on the past, there are times when the past should be referred to, this is one of those times.

Since the 30th September this year we have had several nasty and unexpected surprises regarding unpaid bills from the previous Administration. Just this week we have suffered an embargo on our Bank account of Euro 100 . 03 By the Social Security regarding payments not made to them for Gardeners both Juan and Steve. I have asked our Administrators APYME to make investigations into why the Accountant employed to deal with this did not make sure Pepe made these payments. The first 6 months installment of the Insurance for the Park still has to be paid (due in June this year) amounting to Euro 440 . 25. We have had to pay a bill of Euro 1500 . 00 to the Procurator, some of which I am told goes back 2 years. A bill for unpaid Suma was received amounting to Euro 427 . 30. After a visit to the Suma Office, this has been reduced to Euro 76 . 89. We have also received a bill this week from the Administrators Apyme in excess of Euro 6500 . 00. To be fair Euro 2098 . 16 of this is owed to them for October and November which was not paid due to lack of funds in the Bank account.

A copy of the Banco Popular statement is attached.

In excess of Euro 4000 . 00 will be taken out of the account in the next couple of days for this month´s water bill. On the bright side, we did receive Euro 975 . 75 through the Court this week for a judgment against an Owner prosecuted for debt.

A study of the latest Owners accounts reveal that in excess of Euro 234,550 (getting close to a quarter of a million Euros) is owed to the Community. An unacceptable situation when we are struggling to balance the books, just to pay water and electricity charges through until Christmas. This is despite many Owners paying their bills on time, and indeed paying their Community charge for next year, in advance.

Many Owners stated they would not pay any money into Banco Popular until a new President was elected. It is now 2 months since the General Meeting elected me as the new President. There is no excuse now for not fulfilling their legal obligation to pay the amounts due.
Subject to the approval of the Committee at the next meeting, the Administrators will begin preparing the certificates to give to the Lawyers, so they may take the appropriate action to recover the debts to the Community