Financial Services

a.    Prepare an Annual Budget with line item documentation for Board approval.

b.    Based upon approved Budget, calculate individual assessment amounts and notify homeowners.

c.     Bill homeowners monthly for assessments and other charges due the Association and assess late charges per Board policy.

d.    Send collection letters in accordance with Board policy and act as liaison with legal counsel.

e.    Deposit all funds collected on behalf of the Association and maintain adequate records concerning same.

f.      Pay Association invoices and maintain files for all paid invoices.

g.     Issue payroll checks, make tax deposits and file Federal, State employer tax returns.

h.    Complete annual Workers' Compensation Insurance audit.

i.      Invest surplus Association funds in interest-earning accounts as authorized by the Board (maximum of two transfers per month).

j.      Prepare monthly financial statements on a modified cash basis, detailing income, expenditures, accounts receivables, and cash reconciliation.

k.     Provide Treasurer monthly with a General Ledger detailing all transactions for the current month and showing current account balances.

l.      Cooperate with the Association's accountant at year-end in the preparation of state and federal tax returns and year-end accrual basis statements.

m.   Advise the Board on financial matters, including collections.

n.    Prepare and maintain a long-range Replacement Reserve plan