ASSOCIATION SERVICES
FISCAL RESPONSIBILITY
Accounting
- Establish Budget & Chart of Accounts for Association with Board of Directors.
- Log all revenue and expenses in accounting system.
- Reconcile bank statements.
- Produce monthly financial reports, including:
- Income Statement (Budget vs. Actual YTD)
- Balance Sheet
Vendor Invoices
- Receive and Review for appropriateness.
- Produce and mail timely check payments.
- Keep records of all invoices/statements/receipts.
Budget Preparation
- Develop Skeleton Budget based on previous year's expenses.
- Produce working budget documents for board use.
- Produce consolidated budget for board review and approval.
- Provide budget increase/decrease recommendations.
Assessment and Collection
- Create and mail Assessment invoices.
- Receive, log and deposit funds.
- Delinquency follow-up.
- Create and send Late Notices.
- Apply late fees and interest charges.
- Send delinquency and suspension letters.
- Send "file lien/collection" requests to Association's attorneys.
ADMINISTRATION
Owner Database
- Establish and maintain Owner database for Association (additions/deletions/changes).
- Produce annual homeowner address list and associated documents.
- Provide database online or mail.
Re-Sales
- Track homes sold by information provided by Closing Attorneys, Board, and Realtors.
- Inform Welcome Committee of new move-ins.
- Provide copy of covenants and by-laws to Welcome Committee for new residents.
Board of Directors Meeting
- Coordinate meeting dates and notify Board members.
- Develop agenda for board.
Annual Meeting
- Attend and coordinate meeting.
- Mail notifications to all applicable owners.
- Assist with vote collection, counting and certification.
- Presentation of financial reports.
OPERATIONS AND MAINTENANCE
Property Management
- Direct and monitor performance of contracted services.
- Inspect grounds as set forth in Bid/Contract and advise Board of problems or maintenance needs.
- Coordinate repairs.
- Point of contact for problem notification.
- Emergency maintenance services, as requested.
Services Procurement
- Coordinate competitive bids for services needed.
- Online access into software for Homeowners and Board of Directors.
- Bid evaluation and award assistance.
Covenant Violation Enforcement
- Send violation letters at direction of Board.
- Coordinate appeals.
- Maintain correspondence file.