Financial Management:

Operating Account - Four Points Property Management shall collect payments for all charges or dues owed to the Association and make deposits on a weekly basis. Homeowner checks are processed daily.

Accounts Receivables - Accounts Receivables Reports, Delinquency Reports, Special Assessment Reports (if applicable) and any applicable Legal Updates shall be provided. Automatic withdrawal or credit card payments of monthly assessments are available to homeowners.

Accounts Payable - Four Points Property Management shall prepare weekly payments for all charges or dues incurred through the maintenance and operation of the Association. A/P register with copies of paid invoices shall be provided with each batch of checks presented for Board signature and authorization.

Budget - The budget shall serve as the basis upon which all accounting transactions are made. Four Points Property Management shall assist in the annual preparation of the Budget. A proposed Budget will be presented to the Board of Directors approximately 45 days prior to the New Year. After finalization of the Budget, Four Points Property Management shall assist in distribution of the Budget.

Taxes - Four Points Property Management can provide any necessary copies of Association's reports prepared by Four Points Property Management required for the preparation and filing of income tax returns. Four Points Property Management shall work together with the Associations' Certified Public Accountant.

Assessments - Four Points Property Management shall annually notify all unit owners of Associations assessments, and shall mail monthly statements to all owners in arrears and exert reasonable efforts to collect delinquent accounts. In the event of failure to collect delinquent accounts, Four Points Property Management shall proceed with a collection policy under the direction of the Association.

Collection Policy - Four Points Property Management shall follow the collections policy established by the Association. If one is not established, Four Points Property Management shall assist in the writing and preparation of a proven collection policy. Four Points Property Management has a team of trained and experienced collections professionals working for your Association.

Payment Arrangements - Four Points Property Management shall set up written payment arrangements with homeowners having delinquent accounts. Any homeowner who requests an arrangement that involves more than three months time to pay off the balance will be required to send in a written request, which will be sent to the Board of Directors for approval or amendment. Four Points Property Management shall maintain open communication with homeowners regarding their accounts.

Legal Procedures - If Association does not currently have an established collections attorney, Four Points Property Management maintains strong working relationships with numerous attorneys who specialize in Community Association Law. Once an account is sent to an attorney for collection, Four Points Property Management shall correspond with the attorney on a regular basis regarding the status and progression of delinquent accounts, and will provide the attorney with any correspondence and account updates on a monthly basis.