Financial: A. Provide customized monthly financial reports to include but not limited to balance sheet, income statement (profit & loss) compared to budget on a monthly and year to date basis, statement of disbursements by general ledger account, cash statement reflecting cash receipts ledger account, cash statement rejecting cash receipts and disbursements for all cash accounts, aged accounts payable and aged receivables report noting legal status. B. Accrual accounting methods to be utilized for all internal accounting controls and financial reports thereby providing more meaningful financial statements. This will result in recognizing not only common charges on a billed basis but also investment interest and other income accruals. Known expenses even though not invoiced will be accrued and prepaid expenses including but not limited to insurance will be rejected. C. Monthly reconciliation of all cash accounts to the bank statements, general ledger and cash statement report. Monthly reconciliation of receivables and payable to their subsidiary ledgers. D. Monthly invoicing and collection of common charges by utilizing our computerized billing statements expressing previous balances and current charges by category along with message line for dissemination of timely information. Bank lock box used for timely deposit of receipts. Our direct transmission provides daily cash flow analysis. E. Prepare all payroll checks on a biweekly basis, arrange for monthly tax deposits, and prepare quarterly payroll tax reports. F. Prepare all invoices for entry and coding to our system, then review, approve and pay all invoices. G. Prepare the operating budget of the Association with budget narrative and management plan 90 days prior to fiscal year. H. Prepare a twelve month budget spreadsheet. I. Administer to the investing of Association funds in Association approved vehicles of investment. J. Maintain an inventory of Association property.