Banking
Financial Statements and Reports
- Maintain ledger reports including monthly postings and bank reconciliation
- Prepare monthly balance sheets
- Prepare financial accounts for committee meetings
- Prepare accrued annual financial statements when necessary
- Assist the auditor where necessary, on behalf of the body corporate
- Produce monthly “Building Status Reports” which includes roll changes, bank statements and reconciliation.
Budgets
- Prepare draft annual administrative and sinking fund budgets for the committee’s consideration
- Assist the Committee with spending and cash flow controls
Levy Management
- Issue levy and other contribution notices
- Receipt and bank levies
- Assist the Committee to develop a management plan for overdue levies
- Issue notices of overdue levies, as instructed by the committee, after due date for payment
Creditor Invoice Payments
- Process weekly payments of all creditor invoices as directed by the committee
- Creditor invoice payments are coded by the Caretaker or Treasurer according to a Master Chart of Accounts so that there is consistency with expense coding