HOA Financial Services

Prepare a year to date budget verses the actual income and expenses, showing monthly figures.

Submit monthly, a financial summary of all receipts, disbursements and collections.

Prepare a monthly balance sheet.

Prepare monthly copies of the bank statement and checks.

Provide a monthly profit and loss statement.

Review and approve payment for all vendor services, prepare and mail checks for payment.

Collect monthly/annual assessments and special assessments, deposit all receipts in a FDIC insured banking institution.

Maintain banking records of all homeowners payments and provide the Board a monthly delinquency report.

Send monthly late notices to delinquent homeowners.

Board treasurer will be able to speak personally to our finance person if they have questions.

Coordinate State/Federal tax filings with association CPA.

Timely evaluation of budget to look for ways to reduce expenses but not affect the delivery of services.

File annual corporate registration.

Bank lock box for all assessment payments.

Payments can be made by check, online banking, ACH or credit card.

Prepare in conjunction with the Board the annual budget.

Mail the annual budget to the membership.

Provide resources for a capital reserve study.

Our collection rate is 97% - 98% within 12 - 18 months.