Financial services
Gittleman provides vigilant oversight and reporting for a more solid financial foundation.
Assessment Collection
- Provide monthly statements to all homeowners
- Arrange automatic payment, as desired, allowing homeowners to pay assessments through the automatic debiting of funds from designated bank accounts
- Deposit funds received into segregated operating accounts on a daily basis
- Track assessment payments on a consistent and timely basis
- Initiate collection proceedings as required, including late fees and letters
- Negotiate payment schedules
- Make conciliation court appearances, as required
- Initiate/coordinate the lien/foreclosure process, as required
- Manage payroll and track invoices for all contractual obligations, utilities and service work on a timely basis
- Prepare and provide on a monthly basis a complete financial report to the Board of Directors to include a balance sheet, income/expense summary, general ledger, cash reconciliation, and aged accounts receivable
- Prepare an annual budget draft for review by the Board of Directors
- Prepare a long-range replacement reserve schedule and financial plan
- Coordinate year-end financial audit and tax return preparation by the association’s independent certified public accountant