Financial services we provide for your Association:

• Provide personalized financial service per community
• Present comprehensive financial reports formatted as you desire, including balance sheets, income statements, general ledgers, accounts payable, check disbursements, and income and expense budgeting
• Reconcile all accounts, including checking, savings, money market, etc.
• Monitor investment funds
• Bill all assessments and track accounts receivable
• Perform accelerated collection services where authorized
• Send delinquency notices and violation letters
• Oversee escrow demands
• Manage electronic funds
• Assist the Client in the development and preparation of the annual operating budget in accordance with California Civil Code.
• Prepare a mailing to owners of the approved budget in accordance with California Civil Code.
• Prepare and submit to Client a Year To Date Budgeted versus Actual Income and Expense analysis on a monthly basis.
• Prepare and maintain books and records necessary to produce Financial Statements in accordance with generally accepted accounting principles.
• Prepare and submit to Client a monthly financial summary of all receipts and disbursements.
• Receive, review and approve vendor invoices and other bills, and prepare checks for signature, payment and subsequent mailing.
• Collect all assessments as they become due and payable, and deposit all cash receipts in the Client's bank accounts, maintained at an FDIC insured banking institution.
• Maintain a record of homeowners dues and receipts, and provide the Client with a monthly delinquency listing.   We will send monthly arrear notices as well as notices of default, and send delinquent files to legal counsel for liens to be filed.
• Assist the Client's legal counsel, as necessary, to initiate required legal action consistent with the Association's By-Laws, Covenants, Conditions and Restrictions.