Homeowners' Association Financials
Homeowners' Association Financials
Our main goal is to ensure the financial strength and stability of your community. Having this stability and understanding your financial position are both vital and critical to overall success. We offer financial management experience that helps to build both short and long term value for your community. The security of the association financial position is our top priority. We have and maintain high security process and measures and the most secure financial standards.
Our Accounting and Financial Services for Homeowner's Associations include:
- Online payments & complete payments history
- Online account statements
- Complete financial reporting package customized for your association
- Detailed owner payment and delinquency record on a monthly basis
- Internal controls to protect association funds
- Monthly bank statements and reconciliation to the Board
- Billings sent to homeowners, including regular assessments, late fees, special assessments and collection fees
- Preparation of annual budget to be approved by Board and distributed to homeowners
- Assist auditor chosen by the association for tax and audit preparation
- Timely preparation of reports and forms for governmental agencies including employer tax forms and 1099’s and/or 480’s
- Establish and maintain reserve accounts
- Trained collection department to work on all delinquent accounts and coordinate with the Board and association’s attorney