financial

1. We concentrate on the efficient collection of monthly levies, with a particular focus on minimizing arrears, to ensure the financial health of the scheme.

2. We attend to the payment of creditor invoices, monthly accounts, salaries and wages and municipal accounts.

3. We keep up to date with the various local municipal charges, rebates. etc. that impact on a scheme's finances.

4. We prepare monthly management accounts.

5. We assist in the preparation of the scheme`s annual audit.

6. We prepare annual budgets in conjunction with the scheme executives.

7. We assist the scheme executives in the preparation of the 10-year maintenance plan and budget.

8. We attend to the banking needs of our clients:

   • Day-to-day (current) trust accounts are opened in terms of the Property Practitioners Regulatory Authority and the Sectional Titles Schemes Management Act, and audited accordingly.

   • Administrative and maintenance reserve funds are invested in trust investment accounts in terms of the Property Practitioners Regulatory Authority and the Sectional Titles Schemes Management Act, and audited accordingly.

   • Interest earned on funds accrue to the scheme on a monthly basis, at the prevailing interest rates.