& Financial Management
Annual Budget Preparation: Assist Board of Directors in preparation
of the annual budget to reflect all known and anticipated income and expenses.
The management agent will analyze and compare the current year with the
proposed budget. Year to date analysis
is done monthly.
Preparation of Monthly Financial Statements: All pertinent monthly financial statements
will be prepared and delivered to the Board of Directors.
Annual Assessment Collection: All necessary actions to collect the
annual assessment will be taken by the management agent. These will usually
include mailing the bills, overseeing the posting of receipts and mailing
delinquency notices and initiating the appropriate action with legal counsel
when necessary. A monthly statement will
be provided of collection status.
HOA/Developer Disbursements: The Management Agent will make all
Maintenance of Financial Files: All accounting and related financial
statements are maintained for a minimum of seven (7) years
Tax Preparation: Assistance is given to the designated CPA
for the preparation of annual tax statements for both State and Federal