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| SERVICES: ACCOUNTING & FINANCIAL SEVICES | ||||||||||
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Why have anyone short of the best management professionals handle your accounting? This option will not only provide you with experts in association accounting to prepare your statements but it will also prvide you access to professionals who possess the necessary skills to assist you with any situations your association may encounter. Accounting and financial services would include: Online Property Management: Cities Management offers state-of-the-art online property management services through Online Maintenance Requests Monthly Statements: Include receiving and depositing association dues, disbursing funds, tracking delinquencies and providing monthly financial statements. Your monthly financial statements will include; general ledger, income and expense statement, balance sheet, budget variances, check register, owner ledger and bank (savings and checking account) reconciliation. Statements may be prepared in the accrual or cash method of accounting. Check Preparation: Cities Management will prepare your checks for payment of invoices and statement for services and contracts. Automated Electronic Payment: Cities Management works with Wells Fargo Bank MN, our preferred vendor, to provide automated debiting of funds from a specified account for payment. Accounting Records: Cities Management guarantees that accounting records will be maintained in a professional orderly manner and open for inspection at any time at the Board's discretion. We welcome internal audits by the treasurer anytime. Audit/Review: Cities Management will assist with your audit/review process. Budget: Cities Management will aide you with your budget preparation each year. A budget draft will be prepared for the board to review and implement. Disclosure Statements: Cities Management will prepare all disclosure statements on behalf of the Association. The fee for this service should be paid by the owner selling or refinancing their home. Initial Board Familiarization: Cities Management will "walk" the Board of Directors through the statements so that each member has a comprehensive understanding of the statements. Collection: Cities Management will appear in conciliation court on your behalf for delinquent accounts. If interested, please inquire about the cost for this service. Late Notices: Cities Management will prepare and mail late notices to homeowners delinquent in the payment of their account. These notices will be in accordance with the Association rules or By-Laws as to the date mailed and the late fee charged and done in compliance with the Fair Debt Collection Act.. Coupon Books: Cities Management will prepare the necessary information and order the coupon books. Records & Files: Cities Management will maintain financial records and files. Tax Preparation: Cities Management will cooperate with your tax consultant and or auditor if necessary. We can prepare your year end taxes. Please inquire for details. Cities Management prides itself in being one of the very few management and accounting firms which have liability insurance and also a crime policy.
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