Financial Services

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  • Maintain a Checking account in the name of the Association.
  • Maintain a Savings account, to hold reserved funds, in the name of the Association.
  • Invest surplus funds, as directed by the Board of Directors, within other financial areas, i.e. CD’s, money market accounts.
  • Monthly collection of the Association fees, either by check or through an “ACH” system, which electronically transfers co-owners association fees directly into the Association’s account at the beginning of the month.
  • Complete monthly bank reconciliation for all financial accounts.
  • Maintain Accounts Payable: Pay all approved bills on a timely basis.
  • Maintain Accounts Receivable: Association Fee processing, delinquency reports, delinquency notice letters. Collection of delinquent Association Fees and late fees if needed. Filing of liens as directed by the Board of Directors.
  • Maintain Financial Statements, prepared on a monthly basis; Provide audit trails for ease in review of all financials.