Financial Services

Budget Preparation

Financial Planning

• PMC will do a thorough initial inspection documenting the condition of all major components, roofs, roads, siding, pool equipment, fences, etc.
• Following inspection PMC will prepare a projection of needed capital for the next 5 to 10 years. This will allow the Association to begin building reserves for necessary repairs.
• Through two-fund budgeting, the Board can easily track the status of operating and capital funds. PMC will work with the Board to develop a realistic budget to ensure the Association's financial success.

Collecting the Money

Accounts Receivable

• Homeowner accounts maintained
• Homeowner checks received and deposited
• Homeowners may pay online or with auto bank draft
• Delinquency reports and collection letters sent
• A/R Staff works closely with association attorney to collect delinquent assessments

Paying the Bills

Accounts Payable

• Bills received, processed, checked against purchase orders and paid from the Association's own insured account weekly to ensure both a good credit rating and maximum discounts
• Generate Ledger report of all checks issued

Report the Standings

Financial Statements and Services

• Monthly computer-generated balance sheets
• Monthly P & L statements dispursed to the Board no later than the 15 day of the month.
• Bank statements reconciled
• Budget analysis and reserve calculations prepared
• Establish audit trails and hire independent auditor to perform yearly audit as required by Association documents

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