Financial Reporting and PlanningComputerized Accounting Utilizing Accepted Business and Accounting Practices
Ardsley Management will provide the following monthly financial reports:
Ardsley Management maintains a fidelity bond covering all employees who handle and are responsible for your Association’s money.
The Property Manager will expend funds on behalf of your Association within the guidelines of your approved budget, management agreement or Board direction.
The Property Manager will assist the Board in preparing its annual budget and in planning for long term financial goals.
Ardsley Management will provide a monthly Delinquency Report, the monthly Manager’s Report may include recommendation of action.
Ardsley Management will pay all approved expenses twice a month by the Accounts Payable Department. The invoice and computer generated check are forwarded to the Accounting Manager or other authorized signatory.
Deposit of assessments will be made on a daily basis. If the homeowners check is received after the due date and there is a late fee charges for your community then a late fee will be posted to the owner’s account.
Homeowners records will be maintained and will include a minimum of name, address, and assessment payment history.