HOA Financial Services
Assessment Collection:
• Receive and deposit all maintenance assessments, special assessments and other Association funds
• Delinquencies- management will follow-up on delinquent accounts and will file liens or assist in litigation proceedings as necessary and as directed by the Board of Directors
Invoices:
• Management will pay all bills and invoices; those needing Board approval will be prepared and presented to the Board for review
Financials:
• Management will prepare monthly reports including balance sheet, budget vs. actual, operations expense, and check register. The foregoing will be submitted to the Board for review.
Year End Report:
• At the request of the Board, management will prepare a year-end financial report and distribute to all residents in January
Annual Budget:
• Management will assist Board of Directors in preparation of Annual Budget for the Association
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