1. Panorama AGM 2014 Bansko Summary of year Accounts The future of Panorama

2. 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

3. 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

4. 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

5. 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.

6. 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

7. Maintenance Payments 1 st quarter Nov 2013 to Feb 2014 Cash received: 19,426 euro 2 nd quarter March to May 2014 Cash received: 26,915 euro 3 rd 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

9. Non Payers More than 12 months in arrears

10. 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 euro Deficit for period: 7,861 euro Inc 10,427 euro carried forward from 2013

11. The Future of Panorama?