Page 34 - HMS -- Windward RFP -- updated 2017-04-19 1502

Management Functions

Available from HMS

FINANCIAL SERVICES

TAXES AND SUPPORT

 Prepare annually an Income and Expense budget which includes:
 Reviewing and tabulating prior years expense amounts
 Estimating expected new expense items
 Providing and reviewing with the Association the proposed budget

 Prepare Property Tax filing which includes:
 Gathering necessary parcel tax information
 Submitting payment to county within discount period
 Appealing tax assessments as necessary

 Provide Income Tax preparation which includes:
 Securing the services of CPA for preparation of returns
 Gathering necessary information for CPA
 Providing for distribution of completed forms to Treasurer for signature

 Provide cash management of interest bearing accounts which includes:
 Maintaining the maximum balance
 Transferring funds to operating accounts only as required

 File Federal Tax notices for Association Vendors which includes:
 Maintaining records of Vendor tax status and Federal identification number
 Preparing, filing and distributing Form 1099 as necessary

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