Following is a sample Table of Contents for an Association Financial Policy Document. If you do not have a Financial Policy or require QuickBooks support, please consider my assistance.
Financial Policy Table of Contents
- Condominium Association
- Responsibilities
- Basis of Accounting
- Commingling of Funds
- Accounting Records Management
- Operating Funds
- Reserve Funds
- Operating Expenses
- Reserve Schedule
- Monthly Financial Reporting
- Annual Audited Financial Report
- Member Assessments
- Special Assessments
- Owner Delinquencies
- Liens & Foreclosures
- Transfer Fees
- Insurance
- Accounts Payable
- Recurring Expenses
- Non-Recurring Expenses
- Association Credit Cards
- Staff Salaries & Benefits
- Annual Budget
- Budget Meetings
- Levying of Fines
- Association Tenants
- Accounting Records Retention