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Vancouver Condominium Services offers the following financial services
to clients who enroll in the financial services program:
- receive, record and deposit monthly strata fees
- levy fines and liens against delinquent owners as set out by
council policy; provide follow-up correspondence and initiate
legal action as necessary
- maintain a registry of all owners and tenants
- maintain all corporation files, documents and accounting records
- receive, screen and pay all invoices
- provide the council with a complete monthly financial statement
within 15 days of month-end, and provide accrual statements within
20 days of month-end
- maintain necessary bank accounts to optimize interest income
- prepare monthly bank reconciliations
- arrange for auditing as directed
- provide an annual budget projection
- attend the Annual General Meeting to explain the budget to the
owners and to assist with procedure
- secure and renew property value appraisals and insurance as
necessary
- provide payroll accounting as necessary
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