Association Management Done Better!

Ardsley Management Services     (317) 253-1401     kschwarz@ardsleymgmt.com
Financial Reporting and Planning

Computerized Accounting Utilizing Accepted Business and Accounting Practices
  • Ardsley Management will provide the following monthly financial reports:

    • Balance Sheet
    • Income Statement (Monthly and YTD Actual versus Budget and Variance)
    • Bank Statements & Reconciliation of Operating and Reserve Accounts
    • Cash Disbursement & Detail and Summary Report
    • Accounts Receivable & Detail and Aged Receivable Report

  • 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.