Financial Services
To assure client satisfaction Desert Management provides the following detailed administrative services.
Prepare and mail to each homeowner a coupon booklet
Collect and deposit funds into client individual bank accounts
Disburse funds in accordance with approved budgets, policies and procedures
Maintain accounts using approved standard accounting principles
Financial reports, as well as homeowner account status reports, are prepared monthly
Assist in the preparation of annual operating budgets with consideration for normal expenses and replacement reserves
Process delinquencies and collections through necessary means including legal requirements
Assist with any professional audit, review or compilation of the association’s records
Cooperate with the association’s tax preparer in annual tax preparation
Audit all contracts, statements and invoices for accuracy and legitimacy