Your association is a business. We provide the professional financial services a good business requires. Your Board of Directors can rely on our monthly financial reports in making good business decisions; they are timely, accurate and easy to understand. The accrual based financial reports include:

• Balance Sheet
• Profit and Loss Statement
• Budget Comparison Report
• Owners' Balance Report (delinquencies and prepayments)
• Copies of bank statements with reconciliation details
• Paid invoices for review

Our financial services include:

YOUR FUNDS

♦Maintain Operating Account at Foundation Bank

♦Invest reserves at direction of Board of Directors with signatures of two Board members required

♦Provide copies of bank statements with reconciliations to Board monthly

ASSESSMENT COLLECTION

♦Offer automatic withdrawal (ACH) for monthly payments

♦Provide accurate individual owner accounting on request            

♦Enforce Association's collection policies

♦Mail delinquency notices on time every month

BILL PAYMENT

♦Pay bills on time

♦Monitor utility bills for extraordinary usage

♦Review carefully all bills prior to paying

♦Give paid invoices to Association Treasurer for review

♦Transfer monthly budgeted allocations to reserve accounts

BUDGETS

♦ Research rates and revenue/expense history

♦Draft detailed notes to accompany significant line items

♦Remain sensitive to needs and priorities of Association

FINANCIAL STATEMENTS

♦Provide timely accrual- based monthly statements to Board

♦Coordinate year-end audit

♦Customize statement line items to match Association's budget