An important part of an Owners investment is the financial status of the Owners Association and the Rental Service. Foremost Management Services brings strong fiscal management and accountability to a property. The following methods are used to do this:

• Works with the Board of Directors and on site Management in developing a yearly operating budget for both the Rental Service and the Owners Association.
• Works within the approved budget.
• Prepare monthly financial statements including balance sheets and income statements for both the Rental Service and Owners Association.
• Accounts payable for Rental Service and Owners Association.
• Billing accounts receivable from guests and/or corporate accounts.
• Supervise payroll processing. Record and pay all Federal and State employment taxes and issue employee W-2′s.
• Monitor Insurance policy as needed. Responsible for billing premiums to individual owners.
• Prepare sales and use tax returns.
• Prepare Owners proceeds checks and owner 1099′s.
• Banking duties and monthly reconciliation of all accounts.