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Financial Security You Can Trust

Not every Association requires or can afford a full community management service agreement, but the financial strength and stability of a community association are vital to its success. South Coast provides “self-managed” associations with the ability to have all of their financial services handled in a manner that ensures that the highest of financial standards are met so that your accounts payable, accounts receivable, financial reports, audits, budget preparations, and any other banking activities so you can make sound and timely financial decisions for your homeowner’s association. Here are some of the key elements to our financial management service:

Full Financial Management

  • monthly assessment billing to owners
  • collection of assessments & deposits
  • processing & payment of association invoices
  • bank statement reconciliations
  • monthly financial reports provided to the board of directors
  • annual budget development including coordination of reserve study
  • annual coordination of audit or annual financial statement & preparation of tax returns
  • processing of assessment collection policy

Additionally we also provide

  • annual meeting attendance
  • regularly published “E” – newsletter (at least quarterly)
  • regularly updated association website
  • all annual mailings, including postage and printing for your (1) annual meeting, (2) budget (3) audit or annual financial statement and (4) policy disclosure statement
  • archive record storage
  • assurance of association compliance with all California Civil Code requirements
  • project and property maintenance as needed at an additional expense
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