Panorama AGM 2014Bansko

Summary of year

Accounts

The future of Panorama

Staff Changes

• We lost Ekaterina and Rene

• We gained new skill sets and enthusiasm with

• Elena and Lili

• Repairs to qualifying apartments were finally completed in October

Summary of 2014

We installed finally electronic door locks with no key exit. Making the building somewhat safer in case of fire.

New HD closed circuit tv installed to enhance security

Completed painting and minor repairs on over 100 apartments

Summary continued

Hi-Speed Internet installed throughout the complex, now available in all areas of Panorama

Renewed co-operation with St Ivan Rilski for facilities

We adopted Mya

Things that need to be Done

• All balcony doors need checking and repairing• Shower cubicles need replacing• Furniture needs replacing• TV’s need replacing• These cannot be paid from maintenance funds.

Room Only 6.70 euro weekly

Studio 9.19 euro weekly

One Bedroom Apt 13.00 euro weekly

This includes managing your property, key holding etc.

AVERAGE PAYMENT FOR MAINTENANCE

FOR A PANORAMA OWNER

Maintenance Payments

• 1st quarter Nov 2013 to Feb 2014• Cash received: 19,426 euro• 2nd quarter March to May 2014• Cash received: 26,915 euro• 3rd quarter June to August 2014• Cash received: 27,918 euro• Current quarter to date: • Cash received: 9990 euro• Quarter three saw a worrying increase in payment arrears

Non Payers More than 12 months in arrears

The Financial Picture

Income December 2013 to November 2014

95,974 euro inc 8525 from tax payments etc

Total Expenditure December 2013 to November 2014

114,626 euroDeficit for period: 7,861 euro

Inc 10,427 euro carried forward from 2013

The Future of Panorama?