Administrative Services

Financial Management

 

  • Property management staff located in the on-site Management Office
  • 24-hour executive support and emergency coverage
  • Maintenance of all corporate records - the register of owners and tenants, banking documents, financial records, architectural drawings and specifications, the Corporation' s Minute Book, maintenance manuals, contracts, etc. All records remain the property of the condominium corporation
  • Monthly management report to the Board and attendance at all regular Board meetings
  • Professional enforcement of the Condominium Act, Declaration, By-laws and Rules
  • Assistance in the preparation of a detailed Welcome Information Package for all new residents
  • Assistance in the preparation of the corporation's newsletter or website
  • Preparation of Status Certificates
  • Comprehensive accounting services in accordance with G.A.A.P.
  • Performing all regular bookkeeping activities (payables, receivables, payroll)
  • Creation of monthly financial statements
  • Collection of monthly maintenance fees
  • Coordination with the Corporation's solicitor concerning any lien or power of sale matters
  • Budget consulting and preparation
  • Investment consulting for Reserve Fund / Surplus accounts
  • Revenue & expenditure analysis
  • Preparation of working papers for the Corporation's independent auditors

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