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Homeowners Association Fiscal responsibilities include:
Prepare and recommend annual operating budgets to the Board of Directors
Maintain reserve account and project cash flow
Prepare "Capital Improvement" plan for Board consideration.
Collection of assessments and other income.
(billing, posting, recording, deposits, etc.)
Maintain property and Homeowner ledgers.
Establish accounting procedures and banking accounts.
Prepare financial statements of income and expense for Board of Directors
Homeowners Association Physical responsibilities include:
Maintain physical plant per the CC&R's and By-lays and at Board direction.
Develop an annual operating plan for repair and maintenance.
24 Hour emergency response as required.
Negotiate and prepare maintenance service contracts.
Coordinate and supervise the work of all contractors.
Regular scheduled inspections of the property to monitor the operations and
Monthly or quarterly reports to the Board of Directors as required.
Available holiday, weekend and evening maintenance schedules to meet the needs of the community.
Homeowners Association Administrative responsibilities include:
Attend all regularly scheduled Board of Directors meetings and annual member meetings.
Prepare and mail meeting notices, meeting agendas and announcements.
Maintain files of all Association business at the Managers office.
Maintain insurance coverage on behalf of the Association.
Defacto member of Association sub-committees as required.
Maintain perpetual ownership listing based on receipt of advice from owners.
Handle all communications with homeowners and vender/contractors.
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