Page 23 - Tradd Management

Management Proposal for Waterway Palms Plantation

F i n a n c i a l M a n a g e m e n t

▪ Mail homeowner’s coupon books to assist with paying assessments
and record collections of assessments along with any other monies

due to the Association. Follow up with collections in accordance to
the collection policy adopted by the Board.

▪ Deposit any excess funds into CDs in the name of the Association,
insured by the federal government, and approved by the Board.

▪ Promptly pay approved invoices under the direction of the Board.

▪ Prepare and deliver monthly financial statements by the 20th of the

following month for the Board to review. Financial statements will
follow the GAAP standards. Tradd Management will provide any

reports as requested by the Board.
▪ Annual budgets will be prepared and proposed to the Board along

with a reserve schedule. Meetings will be set to revise and finalize
the budget.

▪ Records will be maintained in order for an accountant to complete

an annual audit and file tax returns every year. All records will be

made available to the Board and the accountant for the Association.
▪ All records are backed up electronically off site on a daily basis.

▪ Distribute 1099s to applicable vendors and file all forms regarding

1099s to the Internal Revenue Service.

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