HOA Accounting Only Services

The following services are included in our HOA Accounting Only services:

• Collect and deposit all assessments in an operating account established on behalf of the Association.
• Provide monthly assessment statement to each individual owner.
• Provide monthly assessment report to the Board which will include (1) Summary of any action taken and status of all delinquent accounts; (2) Accounting of receipts and disbursements; (3) budget variance report; (4) Reconciled bank statements of the operating account.
• Pay all bills in the Association expense account.
• Assist the Board with preparation of the annual budget.
• Assist the Board with contracting for the annual reserve study and annual audit.
• Enforce Association’s delinquency policy in accordance with the (CC&Rs) Covenants, Conditions, and Restrictions, up to and including the filing of a lien. Cost of filing a lien is extra, fee is paid by individual owner. See list of additional costs below.
• Work with Escrow, Title, and Loan Companies in time of resale or refinancing to (1) Provide current status of assessments of subject unit; (2) Provide Condo Certificate to help process Sale or Refinance; (3) Collect information of new buyer for Association’s records. These services have additional costs which will be paid by individual owners. See list of additional costs below.
• Submit an annual report itemizing all financial activity to submit to Association’s CPA for tax reporting.
• Attend Board meetings quarterly to provide and discuss financial report and matters.

Schedule of Fees