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:
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.
