The following are typical services provided by management companies:
:
1. Bill and collect monies due the Association and post in financial books all monies received.
2. Process delinquent accounts.
3. Determine accuracy and legitimacy of all invoices for services and goods delivered to the
Association.
4. Schedule and make payments of such accounts and keep records of all such transactions.
5. Establish and maintain Association bank account.
6. Prepare an annual cash flow budget.
7. Place and keep in force necessary insurance on the common areas.
8. Negotiate all contracts for services and work desired by the Association relating to common
areas.
9. Prepare periodic financial statements.
10. Attend Board meetings.