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AAssociation
records are maintained utilizing Windows based software that is written
specifically for community Associations.
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ØFunds
are deposited and withdrawn from bank accounts established for the
Association at
Bank of America. Accounts are kept
separate from other Association’s funds, no agency account is necessary to
process accounts payable.
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ØPrepare
checks in a timely manner, drawn on the account of the Association for
payment of
the
Association’s debts and obligations and distribute.
Checks are presented to the Board for signature.
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ØPrepare
a proposed annual budget and reserve schedule.
Submit to the Board for final
review and adoption.
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ØCoordinate
the annual Audit and tax preparation with a Certified Public Accountant.
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ØProvide
a detailed financial packet, monthly, to the Board.
In addition, the bank
reconciliation, and the bank statements are made a part of the financial
packet.
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