At Teddi Howard LLC, we understand how challenging it can be to manage ___. That’s why our community managers have these tasks built into their routines.
Successful financial management of a condominium or homeowner’s association is its lifeline. A realistic financial plan and budget, along with timely and accurate financial recordkeeping are important to the well-being of the association. Without these elements, there will be no assurances that income will be sufficient to meet expenses or that the projected expenses will accurately reflect the work required to maintain and enhance the property.
Equally important to the types of information collected and utilized is the overall approach to the oversight of finances. We are responsible for working with financial records and providing the Board with information to assist in making financial decisions which must be beyond reproach.
Financial responsibility occurs at two basic levels. First, our responsibility for the day to day collection and recording of financial information that must comply with a series of universally accepted principles of accounting. Secondly, there is the responsibility of the Board for review and oversight of the financial information. It is the Board’s fiduciary responsibility to address all financial concerns with total integrity.