HOA financial services

At Gaughan Companies, we protect, maintain, and enhance the financial success and longevity of your Association by providing timely, accurate financial data while assisting the board of directors in fulfilling their fiduciary obligations and responsibilities. Our accounting professionals handle all financial matters with precision and proficiency. The financial success of your community is our top priority.

Services Options

Services Options

Gaughan Companies HOA financial services include:

  • Qualified and experienced accountants
  • Assessment collection
  • Accounts payable
  • Accounts receivable
  • Financial reporting with variance analysis
  • Reserve tracking
  • Proposed annual budget
  • Per board direction, execution, renewal, or transfer of CD investments
  • Finance-related board training
  • Internal security process controls
  • Coordination with CPA of year-end financial tax audit
  • ACH (direct withdrawal)
Monthly Financial Statements

Monthly Financial Statements

Each board member will receive a complete financial packet of your association’s accounting activities. The monthly financial packet includes:

  • Cover sheet
  • Balance sheet
  • Budget comparison
  • Bank statement
  • Bank reconciliation
  • Check register
  • General ledger for the month
  • Reserve expenditures schedule
  • Age receivable listing
  • Copies of collection advisory

" Making the move to owning our own space and renovating that space was the biggest thing that our non-profit agency has contemplated in its 40 year history. I had no idea how to begin the process. So when we met with Gaughan Companies, it was like a… "

– Jeanne Walz, Executive Director Lakes Center for Youth and Families

THE GAUGHAN BLOG

01 2018

This Fall, Gaughan opened Lighthouse Lofts Luxury Apartments, a new multi-family property in downtown Forest Lake, Minnesota. This 5-story, multi-use building is the newest luxury apartment community in the neighborhood. As General Contractor and Develope… [+ MORE ]

24 2018

Our team of commercial real estate professionals attended the 12th annual MNCAR Expo yesterday at The Minneapolis Depot. We were excited to share more about the projects that our construction and development teams are working on, while making new connecti… [+ MORE ]

NEWSLETTER SIGN-UP
Connect with Gaughan