Foremost Resorts

Financial Management


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.