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Financial Services


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Resource Property Management provides you with complete and accurate financial reporting utilizing state-of-the-art computer systems. Monthly financial statements are prepared by the 15th of the month and include a summary of the previous month’s activity. As an Accredited Association Management Company, we ensure enhanced financial safeguards and reporting standards. Our Controller, who holds a Bachelor Degree in Accounting, is also a licensed Community Association Manager which exemplifies our commitment to meeting those safeguards.

  • Provide monthly financial reports that are community-association specific with easy to understand details. Financial reports include a balance sheet, income statement with actual versus budget comparison for income and expenses, check register, delinquent and pre-paid report, bank statements and reconciliations, detailed general ledger and journal reports.
  • Prepare annual budgets with year-to-date actual and manager projections. Budget package includes detailed notes by line item to explain budgeted figures.
  • Properly prepare future replacement reserves according to the Florida Statutes Chapter 718 and 719 (and 720 where applicable) guidelines.
  • Collect all maintenance and special assessments.
  • Assist Boards with special project funding options.
  • Maintain an up to date database of homeowner’s mailing address and additional contact information as provided.
  • Prepare estoppel verification for real estate closings.
  • Establish a bank lock box that electronically downloads information into our computer on a daily basis. Our banking facility specializes in community associations and their specific banking needs. They offer state-of-the-art equipment and software to assist in managing your association’s funds.
  • Prepare delinquent reports, mail owner reminder letters and assist in the filing of liens and future collection efforts.
  • Pay all approved expenses three times per month.
  • Mail and file vendor 1099 forms with the IRS.
  • Provide year end financial reporting to the membership.