FINANCIAL SERVICES:
- Assist in opening and maintaining bank accounts as directed by the Board of Directors
- Secure the printing and mailing of statements to all unit owners. Receiving and processing the members’ payments
- Monitors association’s expenses monthly and Prepares checks for payment of the expenses
- Prepares a monthly financial statement to the Board of Directors that includes a balance sheet, income statement, check register report, and delinquency report.
- Prepare and submit to the Board, a proposed annual budget and assists the association in the finalization of the budget
- Coordinate with association’s independent accountant for the annual audit, review, or compilation as required
- Prepare, process, and distribute IRS Form 1099’s at the end of each calendar year for tax purposes
- Maintain a check register and payable journal while performing regular bank reconciliations.
PROPERTY MANAGEMENT:
- Provide maintenance and repair of the common elements
- Solicit bids for special services and supervise their completion
- Respond to emergency requests 24 hours per day, 7days per week
- Initiate programs of preventive maintenance consistent with the budgets
- Make regular on-site visual inspection tours to make determinations about the physical state of the property