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First quarter review 2022
• GENERAL ORDINARY ASSEMBLY • UNION COUNCIL:
• The General Meeting held on December 30, given the absence of • The Syndicate Council meets each year to evaluate and propose actions to
be implemented for the next financial year.
estimates corresponding to the planned work, was unable to
• Our mission is to enhance the co-ownership and therefore to protect the
decide on the choice of companies likely to provide the
heritage value of each co-owner while controlling the budget voted in the
replacement work for the EP/EU networks of the residence. GM. ENSURING technical control as well as financial control.
• Consequently, the provisions relating to this work are postponed • Know how to smooth, postpone or even cancel certain expenses deemed
insignificant during the financial year without altering the overall value of
to the next session of the General Assembly at the end of 2022. the co-ownership, obviously taking into account the opinion of the
sovereign co-owners during the General Assembly.
• Aging infrastructure sometimes requires major work. While closely
monitoring the staggering of the latter without "exploding" the budget, it is
necessary to take into account the urgency of this work, if the latter is not
undertaken in time, not only the deterioration risks worsening but also the
corresponding cost of the repair. We cannot rule out the hypothesis on the
other hand of an unforeseen expense, an ECS that fails for example.
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