Community Associations Institute
The Best In Association Management
Advanced Association Management Group is pleased to have the opportunity to introduce our company and services.
Financial Services


Financial Management

Owner Assessments

  • Secure a contract to prepare & send coupon books to all Owners
  • Administer & track timely collection of assessments
  • Deposit funds in Association accounts in a timely manner
  • Send late notices to Owners as required per documents
  • Report delinquent accounts to the Board of Directors
  • Establish collection letter schedule based on Collection Resolution currently in place
  • File referrals to the Association’s Attorney for collection
  • Document correspondence & actions regarding collections
  • Report status to Board in a monthly Management Report


  • Manage payables for all current Association contracts & vendors
  • Provide timely payment & accurate posting of the Association expenses
  • Secure proposals for Insurance Policies, Pool Services, Reserve Study, Audits, Lawn Care, Coupon Books, required preventative and routine maintenance items and others as needed
  • Generate contracts for the protection of the Association for work to be performed by outside vendors via proposals accepted by the Board
  • Create Newsletters to inform Owners and Residents of Board Activities and other pertinent items and information concerning the Association using Board provided articles
  • Provide after-hours emergency support as required

Financial Reporting

Provide Board with financial reports including but not limited to:
  • Balance Sheet
  • Income Statement
  • General Ledger
  • Accounts Payable Detail
  • Summary of Budget vs. Actual
  • Aged Owner Report (Delinquent Payments)
  • Bank and Certificate of Deposit Statement Reconciliations

Prepare Annual Budget

  • Assist Board in preparation of the Annual Budget using comparatives, history, and the Board’s plans for projects in the upcoming year to create a budget and assessment recommendation
  • Proposed Budget will be provided as required by the Association

Audit and taxes

  • Assist Association’s Accountant in performing audits & tax returns
  • Insure the Board’s direction on Association investments are carried out in a timely manner