Bank Account
- Our body corporate managers open and maintain bank accounts
- Manage Administrative and Sinking Funds of the Body corporate
- Seek instructions from the Committee regarding Term Deposits and investments and carry out instructions accordingly
Financial Statements
- Prepare Quarterly accrued Financial Statements for the Committee (or as required)
- Prepare Year End Financial Statements for presentation at the Budget Committee Meeting
Budgeting
- Prepare a draft Administrative Fund Budget for consideration by the Committee
- Refer to the Sinking Fund Forecast Report and supply the Committee with the necessary information to consider a Sinking Fund Budget and review planned expenditure
- Deal with all correspondence and communication from Owners regarding the preparation and adoption of Administrative Fund and Sinking Fund Budgets
Bank Reconciliations
- Conduct daily Bank Reconciliations
Body Corporate Levies
- Prepare and issue levy notices to all owners in accordance with the minutes of the Annual General Meeting
- Receipt and bank levies
- Issue 1st, 2nd and 3rd Reminder Notices to recover levies in arrears
- Seek instructions from the Committee regarding debt collection and issue instructions to an appropriate debt collection officer if required (note: all debt collection costs are initially paid for by the body corporate and then recovered from the lot owner in arrears)
- Deal with all levy queries and communications with lot owners
Accounts Payable
- Receive, process and pay invoices and accounts on behalf of the body corporate
- Seek authorisation of invoices where instructed by the Committee
- Deal with all correspondence and communication from the body corporate and individual contractors (if required) in regards to the payment of accounts
Do you have a question? Do you need advice? Contact us at one of the contacts below
07 5591 6849
manager@stratasphere.com.au