Schrank Associates, Inc.

Homeowner’s Associations:

Collection of Assessments and maintenance of historical and current ledger balances for each individual Owner’s accounts.

Processing of invoices for payment to vendors including verification and approval process as required by client’s specifications.

Preparation of monthly Revenue and Expense Statements. The monthly financial reporting to the client includes:

Owner Assessment Balance Report
Revenue and Expense Statement (detailed listing of income and expenses)
Copies of all Paid Invoices for the Month
Reconciliation of General Ledger to Bank Statements
Copies of Bank Statements
Reconciliations on any and all available Reserve Accounts

Preparation of Annual Operating Budget

Attendance at Board of Director’s and Homeowner’s Meetings including Preparation of Meeting Documents; Agendas, Financial Reports and Minutes

Assistance in Election Processes including Preparation of Documents

Logging and Processing Maintenance Requests from Owners and Providing the Board of Directors with Current and Historical Maintenance Reports

Assist Board of Directors in Establishing a Preventative Maintenance Programs

Assist Board of Directors and Builders with Approval Process for Construction of New Homes

Assist Board of Directors and Builders with Management of Vacant Lots

Assist Board of Directors in Maintenance of Common Areas, Grounds and Services (i.e., Guard Services, Snow Removal and Landscaping, etc.)

Assistance in the Preparation and Implementation of Rules and Regulations and Architectural Criteria as Needed

Review and Maintenance of Insurance Records for Both the Association and Owners as Required

Correspondence with Homeowners as Directed

24-Hour Emergency Service Line Provided