We will distribute detailed financial status reports to the Board, annually prepare a Budget representing historical experience and our detailed knowledge of the building's condition; and properly manage the financial affairs of the building.

1. Each month, we will prepare and distribute to all Board members and the Board's independent Auditor a financial report including a statement of income and disbursements, a rent roll and an arrears schedule. Additionally, the Auditor and appropriate Board members receive a copy of all paid bills.

2. Based on information in these reports and specialized software which provides up-to-date analysis of all paid and unpaid bills, we will prepare a sophisticated analysis of expenses incurred in approximately ten months of operation. This information will be reviewed by our Budget team who, working closely with the Management Executive and Executive Team, will develop a proposed budget for presentation to the Board. The budget will be completed with sufficient time for Board review and early reporting to shareholders / owners of the property’s financial requirements for the coming year.

3. We will cooperate with your Accountants in preparation of the Annual Statement; review the draft Statement with the Board for clarity and accuracy and arrange for distribution of the final report. We will follow up with your Accountant to see that the Annual Statement is finalized sufficiently in advance of your Annual Meeting.

4. We will coordinate and cooperate with your Certiorari Attorney to see that appropriate tax protests are made in a timely fashion and communicate any settlement offer to the Board.

5. In cooperation with your other professionals we will see that all required filings, City, State and Federal, are made in a timely fashion.

6. We will administer in close coordination with your Board the building's Reserve investments.