Financial Management

The backbone of an association is strong financial management. The Board needs to know where they stand financially in order to make informed decisions about maintenance and future dues levels. That's why we reconcile each bank account for every association we manage on a monthly basis and prepare monthly financial statements in addition to the list of items below.

Financial Management
  • Prompt handling of all homeowner billing inquiries
  • Collection of the monthly assessments of the membership
  • Coordination of the collection of delinquent dues and lien filing process
  • Maintain a complete set of financial records for the Association
  • Monthly preparation of financial statements
  • Monthly reconciliation of financial statements with bank accounts
  • Assemble details required for tax returns to be prepared by the accountant
  • Work with the accountant to provide the necessary information for their annual review
  • Send the year end financial statements to the membership
  • Receipt, review and payment of vendor invoices for payment
  • Preparation and mailing of annual budget and disclosure package
  • Coordination of Association reserve study
  • Corporate filings with the State of California