Funds managed to provide both annual operations & maintenance support while meeting long term financial requirements.
Assessments
- Maintain accurate accounting of all assessments, deposits, expenditures, IAW general accounting principles.
- Notify those members in arrears regarding POA assessment requirements. Initiate lien action as required.
Accounting and Financial and Reports
- Prepare annual financial reports reflecting receipts, expenses, investments, and net worth of the association.
- Prepare annual federal income tax statement.
Budget
- Budget and fund all must-fund maintenance and repair budget items. Provide adequate funding for discretionary budget items to meet the goals & objectives of the POA.
- Budget to support short and long range maintenance and capitalization requirements.
- Provide annual budget to membership not later than 30 days prior to annual meeting.
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