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Financial Services
Monthly Financial Reporting
- Classified Statement of Financial Position
- Statement of Operation
- Trial Balance
- Owners A/R Aging Summary by Days
- Deposits
- Accounts Payable Detail
- Statement of Reserve Fund
- General Ledger Transactions
- Cheque Listing Summary- Bank -Operating
- Cheque Listing Summary- Bank - Reserve
- Reconciliation Summary Bank -Operating
- Reconciliation Summary Bank - Reserve
Financial Management
- Full disclosure and transparency in GAAP accounting practices
- Processing of all invoices within 30 days of receipt
- Collecting CEA fees
- Providing PAP plan for CEA fees
- Implementing Procedures and systems for internal controls
- Implementing fraud policies and procedures
- Providing financial reports and working papers for the annual audit
- Making recommendations on RF investments as per the Condo Act
Budgeting Process
CMPM prepares a “Draft” operating budget, during the 9th month of the fiscal year.
Reserve Fund Study Updates
CMPM will work closely with the RF Planner to:
- A provide resources, information and support in the preparation of the RFS study.
- Review the Corporation’s RFS , provide comments and recommendations on proposed expenses.
Administrative Services
Monthly Reporting
We prepare your Agenda, Notice of Meeting and a written monthly Property Managers’ report illustrating the status of items completed and outstanding.
Boards will be asked to approve motions to ratify and approve all expenses and projects, as prescribed by the management agreement spending limits.
Status Certificates
We prepare online Status Certificates and all required Corporation Documents as required by the Condo Act.
Record Keeping
All Corporation records including the minute book, drawings, building maintenance records, suite files, owners/mortgages and tenant lists, contracts and all other records required by Section 55 of the Condo Act will be maintained.
Online Community Portal
Each Community will have access to a website to allow for access to governing documents, budgets, notices, newsletters and more.
Customer Service
24/7 emergency after hours service and coverage, provided by a licensed Condominium Manager.
Technology Partners
Concierge Plus
Property management platform driving efficiencies by streamlining and automating processes, improving task management and providing convenient online access to Board of Directors, Owners, Tenants and Management.
Shiftsuite
Condominium Accounting Software platform developers and more.
Find out what we can do for your property!
Request a proposal and a licensed property manager will reach out to you shortly.