qInvoicing Owners – All owners will be sent the association invoices in a timely manner - following the approved budget figures.
qAll owner’s association fees will be collected and credited to owner’s accounts upon receipt and deposited into the association’s bank accounts.
qAll owners in arrears will be closely monitored to collect the association fees as quickly as possible. Delinquent accounts will be sent to the attorney for lien/foreclosure – following the governing documents – in a timely manner to avoid a delay in collections.
qAll invoices for the association will be paid in a timely manner and all other checks will be produced when requested.
qAll bank accounts will be reconciled monthly upon receipt of the bank statement. Once reconciled, the financial report will be issued for the Board of Directors’ perusal and approval monthly or quarterly as requested. All financial information will be available to the Board at all other times as requested.