FINANCIAL MANAGEMENT

CMSI Management Inc. is very sensitive to the vulnerability of associations in the area of finances. CMSI Management Inc. has taken many steps to provide its clients with the most comprehensive financial management services possible for community associations, while minimizing the impact on unit-owner fees.

CMSI Management Inc. uses the modified accrual method of accounting with a strict system of checks and balances to secure the audit trail. We use an integrated software package that speeds up the accounting process; keeps owner records; prints reports, bills and other notices; and has the ability to customize financial reports according to the requirements of individual Boards. Our computer system is double password protected to assure that your records remain secure and confidential. In addition, an independent CPA reconciles all financial accounts monthly.

CMSI Management Inc. has an established relationship with a good local bank with special services available for the management of your operating funds. We have also established a consulting relationship with a well-known financial investment firm to provide better investment rates and protection for your reserve funds, increasing yield with no penalty for early withdrawals in the event of necessary reserve expenses.

FINANCIAL MANAGEMENT SERVICES

  • Collections
  • Deposits
  • Disbursements
  • Financial Reports
  • Investments
  • Annual Budget and Variances
  • Budget Preparation
  • Conformance

GENERAL ADMINISTRATION SERVICES

  • Inventory System
  • Files and Rosters
  • Correspondence
  • Administration of Rules
  • Meeting Attendance
  • Expenditure Commitment Limits
  • General Information to the Board
  • Operating Procedures
  • Insurance Administration
  • Owner Communications and Participation
  • Required Filings and Reports by Agent
  • Meeting Administration
  • Monthly General Status Report

PHYSICAL SYSTEMS MANAGEMENT SERVICES

  • Contract Procurement
  • Supervision
  • Preventive Maintenance Program
  • Grounds Care
  • Capitol Improvements
  • Emergency Services Program
  • Service Requests
  • Jurisdictional Requirements

BOOKS, RECORDS, INSPECTIONS and AUDIT SERVICES

  • Starting an Architectural Management Program
  • Review of Documents
  • Annual Inspections
  • Architectural Review Procedures

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