1. Book Keeping
	A monthly record of Assessment and Special Assessments billings, charges, adjustments and payments as received will be maintained with an effective accounting system.
2. Budget Preparation
	One annual suggested operating budget will be prepared for the Association setting forth an itemized statement of anticipated receipts and disbursements based upon the current schedule for Assessment and Special Assessments and taking into account the general condition of the Association and the Community.
3. Collection of Assessments
	The proper receipt and processing of Assessment will be conducted with an Advanced Remittance Processing system that offers reduced errors.
4. Financial Statements
	A record of income, expenses, assets and liabilities will be maintained utilizing the accrual method of accounting. Financial statements will be provided once monthly and once annually, and will include: Balance Sheet, Income & Expense Statement, Delinquency Report, Cash Disbursement Journal, Other Reports (As Requested).
5. Invoice Processing & Disbursement
	A computerized payable system (“Online Invoice Authorization”) which includes computer-printed Association checks will be used to pay, as required, all financial obligations of the Association. Additionally, all bills will be receive and reviewed on a monthly basis, for services, work and supplies ordered in connection with maintaining and operating the Community
6. Collection of Special Assessments
	The proper receipt and processing of Special Assessments will be conducted with an Advanced Remittance Processing system that offers reduced errors.
7. Coupon Books
	One Coupon Book per Unit per year will be prepared and provided to every Member for payment of the Assessment.
8. Delinquent Collection & Processing
	A delinquency procedure will be administered by charging monthly late fees, preparing warning letters in the Association's name consistent with the procedure, and answering questions regarding accounts. The Association’s attorney will be advised to take such action as necessary following the delinquency procedure.
9. Electronic Payment
	Individual Members will have their option of using Automatic Payments or Online Payments for payment of the Assessment.
10. Financial Audits
	One annual financial audit will be conducted submitting the Association’s financial records to a Certified Public Accountant (“CPA”), and making any necessary adjustments to the Association’s financial records.
11. Reserves Investment
	The Association will have access to a Certificate of Deposit Account Registry to safely take advantage of competitive certificate of deposit return rates offered by national FDIC insured banking institutions. Assistance will be provided in completing necessary forms required by the banking institutions.
12. Tax Preparation
	Following the annual financial audit the Association’s financial records will be returned to the CPA to facilitate the Federal and State income tax returns.