Accounting and Financial Services

•  Assist the Owners Association in the preparation of an annual budget and long term reserve planning.
• Send notice of assessments to each homeowner and collect payments for deposit.
• Send monthly past due notices to each delinquent homeowner.
• Send delinquent letter to homeowner of intent to lien based on Board of Director’s predetermined time frame.
• Coordinate filing of liens with Association’s attorney.
• Coordinate foreclosure of lien at the Board of Director’s direction.
• Administer and monitor bankruptcy collections and lender foreclosures.
• Coordinate filing of tax return with third party accountant.
• Maintain checking, savings, and other banking accounts in the name of the Association.
• Notify Owners of any delinquency and take reasonable action for the collection of the delinquent assessments as determined by the Association.
• Review all invoices and process all payments for utilities and vendor services.
• Furnish monthly and year-end financial reports prepared on an accrual basis, which includes all income.
• Assist in annual audit of the Association.