Treasurer’s Report 2025

Comunidad Pinosol comprises
• 149 plots of which 145 are houses (1 share each)
• 2 empty plots (1 share each)
• 1 house that occupies 2 plots (2 shares).
• The Hotel (2.5 shares)

The total number of shares is 151.5, which equals 15.150,00€ at our current rate of 100€.

The accounts are from 1 August 2024 to 31 July 2025, and the Expense Statement (on a separate sheet) shows what we have spent on the items for which we are responsible.

In short, we spent 7.978,44€ and put 8.650,96€ into our Reserve Fund.

Fees outstanding

The total of outstanding fees is 3.775,98 €. We have issued reminders for payment of outstanding amounts from last year and will take legal action for long-term debtors.

• Casa 49, C/Valerio Adani 4 – Frau Rosemary Guillardon –2.436,74€.
We have now obtained an attachment, which means that this debt will have to be paid when the property is sold. We will keep the amount updated each year. The lawyer is now pursuing the debt in the German courts.

• Casa 40, C/Paul Gauguin 5 – Sr. Mario Martínez Garrido – 569,47€.
Court action will now be instigated against this owner because he fails to pay or reply to contact by email or telephone.

Reserve Fund

We have a healthy balance of money in hand, but we have the following liabilities

• Repairs of the rainwater drainage system under the Hotel
• Legal fees for action against the Town Hall, cost not yet known could be as much as 90.000€ as paid by Tosalet for their legal proceedings.
• Repairs of the electrical cable for streetlight system as voted for at the EGM on 26 June – cost not yet known but could be substantial if we must excavate the road or pavement.

Recommendation

We recommend that the fee continues at €100 for 2025/2026 to ensure we have enough for our liabilities but look to reducing it next year when we will be in a better position to forecast our expenses.