FINANCIAL & ADMINISTRATIVE SERVICES
Starting at $300 per month and adjusted relative to size.
Contact us at:
rich@calassoc-hoa.com
Frequently we have been as ked by small and medium sized associations if
we can recommend a management company that is willing to service associations
with units or homes small in number. This reoccurring request has prompted
us to develop the "Small Association Financial and Modified Management
Services Program" (or SAMM for short). It is our experience that
small and self-managed associations often fail to receive satisfactory
professional association
direction , counseling and administration. Frequently financial reports and documents
are prepared without utilizing "generally accepted accounting principles
with accrual accounting" and procedural requirements as set forth
in California State Codes often go unattended. This service is designed
for small and medium sized Homeowners Associations (Condominiums, Townhomes
and Single Family Homes) and associations in out of the way areas at a
cost you can afford. This program is intended to provide you with all
the basic, essential services and offering consulting services on specific
items on a monthly or an "as needed" basis. These basic services include:
-
FINANCIAL SERVICES (Basic Services):
- Collection of association dues
- Payment of association bills
- Monthly or quarterly reconciled financial reports
- Annual financial reports for tax purposes
- Annual Budget preparation
-
Reserve Study update and analysis
-
ADMINISTRATIVE SERVICES (Basic Services):
- Assist Board of Directors in the performance of their financial and administrative duties
- Assist Board of Directors in complying with State Codes and Laws
- Provide Annual year-end disclosures
- Assist with Annual Elections
The benefits provided by the California Association of Homeowners Associations
Inc. (also referred to as “California Association”) are numerous.
Included in our program, the California Association of Homeowners Associations
Inc. will review many of your association’s records and documents
and make suggestions or recommendations. We will review your Rules and
Regulations, Budget Pro Forma, Reserve Study, Minutes of Meetings, Financial
Reports (not an audit), collection policy and annual disclosure report.
We will make recommendations and suggestions as appropriate and provide
you with consulting on certain specific matters. |