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Homeowner Sign In (On Line Services) |
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Association Manager
The Association Manager is the most visible member of the CDC Management Services, LLC team. Our managers are professionals who are dedicated to providing our client owners prompt, courteous and effective service.
Click here to Send an Email to the Manager, who will respond to your inquiry. Please remember to include your community name, your home address or unit number, and contact information (email and/or phone number).
Accounting
Responsible for maintaining your association's financial accounting records, including an account for each unit and homeowner, the members of our accounting team process hundreds of transactions, requests and inquiries on a daily basis. This team also has responsibility for preparing periodic financial statements for the association which are reviewed by the manager and board of directors.
ACCOUNTING BASICS
- Cash Method of Account-income and expenses are only recorded when cash changes hands. Financial reports only reflect cash transactions. This is a relatively simple system for simple situations. Because all obligations are not recorded until cash changes hands, this method does not provide an accurate portrayal of the financial condition of the association at any given time.
- Accrual Method of Accounting-keeps track of all financial activities, including revenue as it is earned (as opposed to when it is received) and expenses as the obligation is incurred (as opposed to when it is paid). This makes possible a more accurate determination of the financial condition of the association at any point in time. Also, this is a better method for multi-year tracking of capital reserves credits and deficiencies. The primary disadvantage is the greater complexity and technical knowledge that is needed to maintain the records, understand the reports, etc.
- Replacement Reserves-the Board has the obligation to repair and replace major components of the facilities, buildings, and equipment of the association. The ideal method of providing for these future expenses is the establishment of a replacement reserves system and budget to assure that such funds are available when needed. With knowledge that the future holds predictable major expenditures for repair and replacement of facilities and equipment, the association could begin the gradual accumulation of funds through a reserve account to meet all or a portion of that expense when it comes due.
Administration
Administration and support members are a vital part of our team! Busy managers rely on administrative assistants to prepare association mailings, assist owners and other professionals with requests, process mail, and essential filing just to name a few.
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