Assessment billing and collections administration
Owner account records, assessment billing and the collection steps your board authorizes under an adopted process. We report exceptions so the board can direct the next action.
Management services
Financial-only HOA management for Twin Cities boards.
Keep the property duties your volunteers can handle and give the books a defined professional scope. Elevate manages financial administration while your board retains governance, approvals and site operations.
Request a financial-only proposalThe financial work we handle
The agreement defines the included work, reporting dates and approval process. These are the core responsibilities to discuss when setting your scope.
Payables and account reconciliation
Bill processing under board-approved controls and reconciliation of association accounts. The board retains spending authority and reviews the transactions.
Monthly financial reporting
Balance sheet, income statement against budget, receivable aging and reserve balance information. Every board member receives the reporting needed to review the association’s position.
Budget and professional coordination
A draft based on actual spending, known renewals and the reserve funding contribution, plus coordination with the association’s tax or audit professionals as defined in the agreement.
What your board retains
| Responsibility | Elevate’s agreed work | Board’s retained work |
|---|---|---|
| Association money | Process transactions, reconcile and report. | Approve controls, spending and account authority. |
| Annual budget | Prepare financial information and a draft. | Review assumptions and approve through the applicable process. |
| Property and vendors | Financial processing within the agreed scope. | Select and supervise site work and handle property requests. |
| Meetings and rules | Supply agreed financial information. | Run governance, records and enforcement outside the financial scope. |
If your board needs vendor supervision, owner support or meeting administration too, compare full-service management. Additional work belongs in an agreed scope.
A monthly review your board can use
A report is useful when it helps the board make a decision. Review the balance sheet, budget variance, receivables and reserve position together, then record questions and follow-up actions.
| Report | Question to ask | Example follow-up |
|---|---|---|
| Balance sheet | Do reported cash balances reconcile to the accounts? | Request an explanation for a reconciling item. |
| Income versus budget | Which expenses differ materially from the adopted plan? | Check whether a variance is timing or a lasting cost change. |
| Receivable aging | Which accounts need the next authorized collection step? | Review exceptions against the board’s policy. |
| Reserve position | Is the contribution tracking the adopted funding plan? | Address a missed contribution or changed project assumption. |
Our annual budget guide explains preparation, and the reserve guide explains the separate funding analysis.
Getting started and comparing cost
Tell us your unit count, current reporting process and the work your volunteers will retain. We discuss records and account arrangements, confirm controls and reporting expectations, and put the scope and fee in writing.
Use the management fee guide to compare annual totals and minimums. If you are choosing a model, start with self-management versus professional support. An actual price comes from your community’s proposal.
Discuss financial-only management