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Circular 128 /9.3.2006 / Management fees and Cash Flow This month we have to pay out annual insurance bill which will exceed €20,000 and we will also pay for the new children's playground costing €25,000. We have externally painted 17 of the 20 lodges we planned to do in 2006 which cost approximately €34,000 and much of the painting bills are paid. We purchased €5,000 worth of trees last week for the new landscaping programme. There are on-going costs we also have to meet and so cash flow is important to CGM (just like it is to your own business or personal accounts!). 2005 Management Fees Some owners have NOT paid the 2005 management invoices at all and some have paid half of it. PLEASE, if you have not paid your 2005 invoice/s, do so now. Substantial time is devoted to chasing unpaid management fees. This time must be paid for and as such is a waste of all our owners' money. 2006 Management Fees The first half year moiety of the 2006 management fees were invoiced on 1.3.2006 and will be posted within the next few days. PLEASE pay this invoice as soon as possible. Bank Standing Orders Many thanks to those owners who now pay by bank standing order. This
is a huge boost to our cash flow and much cheaper form of collection.
There is a Bank Standing Order form at the back of the Annual Report which
was posted to all property owners recently. Management time devoted to this circular: Click here to return to the Noticeboard list. Issued by Clifden Glen Management (2005) Plc
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