Finances

 
FINANCES

Each association is a business. We provide the professional financial services a good business requires. You 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; Register of Activity on Reserve Accounts; Owners’ Balance Report (delinquencies and prepayments); copies of bank statements with balancing documentation; and paid invoices for review. All reports are prepared in-house by our professional bookkeeping staff.

 
________________________________________

What We Will Do For You

YOUR FUNDS
•Maintain Operating Account in an interest-bearing checking account

•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 budget with 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





Your Association is a business. We will manage it professionally.


We will make it easy for you to make good business decisions.


We Are:
Timely
Accurate
Thorough
Trustworthy
Understandable