Financial Services

Professional Financial Expertise

Using an integrated accounting system, Kenrick provides timely, accurate, thorough reporting of association finances. Listed below are some of the support systems provided:

• Prepare annual budget designed to meet short and long-term goals.
• Prepare financial statements, including:
  • Balance Sheet
  • Income Statement
  • Budget Variance Analysis
• Billing of assessment fees.
• Process for collection of delinquent accounts.
• Deposit of all receipts in segregated bank account (FDIC insured).
• Pay approved association expenditures.
• Maintain association’s financial books and records.
• Monitor investments to optimize earnings on reserve funds.
• Arrange contract for authorized annual audit.
• Maintain files and provide documents required for transfer of ownership.