Page 19 - Wilderness Pointe Management Proposal

Management Proposal for Wilderness Pointe

Financial Reporting

A comprehensive accounting web‐based platform is used for the financial management and reporting for
the Association. A/R and A/P will post directly to the general ledger giving real‐time access to up‐to‐date
information available through the portal. Online A/P voucher approval will be provided for board
members. There will be a customized and automated procedure for the Association to process payments
in an efficient manner. Reports will include operating and reserve account balance sheets, income and
expense statements including variances from the budget, bank account reconciliation, cash
disbursement, A/P aging, delinquent and prepaid assessments, general ledger, and any other reports that
the board would like provided to them.

HOA Invoicing (Frequency / Description)

Coupon books will be provided at the direction of the Board of Directors (i.e. annually, quarterly, or
monthly). With a coupon the owner will have the ability to remit payment directly to the bank via check,
online bill pay, or credit card or ACH via the portal, all of which assist with keeping delinquency at a
minimum.

Insurance

Tradd Management is insured through McGriff Insurance Agency. Our company carries Comprehensive
General Liability coverage including non‐owned and hired auto liability coverage of $2,000,000, we carry
Fidelity Bond coverage of $2,000,000, we carry Cyber Liability coverage, we carry Professional Errors and
Omissions Liability of $1,000,000, and we carry Worker’s Compensation which meets the statutory limits
required by the State of South Carolina.

Other Business Interest

Tradd Management does not own any business that provides services for property management outside
of the Tradd brand. We feel the bid process through qualified contractors is the best indicator of
controlled cost and unparalleled performance.

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