NEED HELP?  TALK TO AN EXPERT.  WA 206.215.9732 | OR 503.606.8002

Find Your Financial Solution

Financial clarity is essential for the success of any community. Nova provides tech-forward services and tools to analyze the financial performance of a Community Association and optimize planning on a month-to-month and annual basis. Below are just a few ways we can help.

Better Budget Prep

Our budget preparation process begins with an end in mind. A Nova Regional Association Manager will work with your Board of Directors to ensure your budgets include all the expenses needed for the following year. Budget prep services include:

  • Creating a new budget
  • Reviewing vendor contracts
  • Determining anticipated utility rate changes
  • Reviewing reserve study recommendations
  • Creating a budget ratification package
  • Distributing budget

Detailed Financials

We deliver customized digital financial reports so your board can easily evaluate your operating and reserve budgets annually and monthly. These tools quickly enhance communication between Board Members, neighbors and vendors in regard to all fiduciary decisions. Nova experts work hand-in-hand with your Board of Directors to answer any questions you have along the way. Financial report packages include:

  • Balance sheets
  • Income statements
  • Budget comparisons
  • 12-month income-expense statements
  • Accounts payable reports
  • Cash disbursement reports
  • Monthly general ledgers
  • Prepaid and delinquent reports

Easy Collections

If an account is past due and all efforts to contact the owner have been exhausted, a Regional Association Manager will assist the Board in engaging the services of a collection attorney or agency. We work with several local attorneys to ensure the best fit for your community. We can help with the following:

Reviewing delinquency reports
Sending first, second and third notices to past due accounts
Assessing the next steps available after the third notice
Facilitating the filing of liens, foreclosures or other appropriate legal actions

Tax Prep and Audits

Annual audits and tax returns can be overwhelming. Nova experts have worked with local specialty accounting firms for years to facilitate effective and efficient preparation making the overall experience as easy and seamless as possible for your Board.

Do you have a question about how we can customize a financial solution for your Community Association?
Contact us for more information.

CONNECT WITH US