Financial Management

  • infor-financial-managementProvide for the collection and deposits of Association dues, charges and assessments.
  • Monitor and pursue delinquent accounts and mail monthly notifications for overdue accounts according to the direction or collection policy of the Association.
  • Maintain records showing receipts and expenditures of the Association.
  • Prepare and process payments of Association’s accounts payable.
  • Prepare monthly financial reports, which shall include balance sheets, income statements, delinquency reports, etc.
  • Prepare for the Association a proposed annual budget prior to the end of each fiscal year.
  • On the basis of a professional reserve study, assist the Association in determining estimated short term and long-term reserves.
  • Provide financial and other information to the Association’s accountant or CPA for the timely preparation of tax documents

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