ACCU, Inc. will prepare an annual operating budget detailed to reflect expected operations for each month. This budget is established to show expected recurring receipts and operating disbursements. It is further used for comparison with actual monthly income and expenditure. We will also prepare the reserve budget projection for capital expenditures on items recurring only periodically (i.e. painting, carpeting, etc.) for common elements. We will prepare a monthly operating cash position, and sinking fund reserve account statements.

• Analyze and compare operating receipts and disbursements against the Board approved budget.
• Collect maintenance fees, lease fees, rental payments, and special assessments, deposit them in checking, savings and other income producing accounts on behalf of the association, and maintain comprehensive records thereof.
• We will establish individual checking and sinking funds reserve accounts. There are no joint homeowner accounts or co-mingling of funds. Each condominium is established as a separate entity.
• Mail notices of delinquency to any owners in arrears, and we will exert every reasonable effort to collect delinquent accounts including tickler notices, letters, telephone, and personal contact. In the event of failure to collect delinquent accounts, and at the direction of the Board, we will pursue payment through collection agencies, attorneys, or any other Board authorized method.
• Examine routine expense invoices for accuracy and clear for payment. Prepare forms, pay taxes, and file City, State, and Federal reports as required. Prepare year-end statement of operation for association.