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Finance
Frequently Asked Questions
The fiscal year is June 1 through May 31
Annual billing statements are mailed around May 1.
Committee chairs give input of estimated expenses for the coming
year. These estimated expenses plus other expenses are added to calculate the total budget for the new year.
The total annual budget is divided by the number of property owners.
You can pay your assessment through the William Douglas website, wmdouglas.com. You may also issue a check to William Douglas.
Committee Responsibilities
The Finance Committee, led by the FFHA Treasurer, is responsible for conducting all financial transactions for the Association. Duties in include:
- Receive deposits
- Write checks for payment of bills
- Obtain input from stake holders for annual budget
- Prepare annual budget for review by the Board and approval of property owners
- Present budget at Association annual meeting
- Coordinate annual assessments billing and mailing with management company
- Review bills submitted by contractors and approved by appropriate Committee Chair; submit to management company for payment
- Mark bills sent to management company with proper general ledger code
- Review monthly financial statements prepared by management company
for correctness. - Review monthly bank statements
- Present monthly financial statements to the Board for review
- Resolve billing issues and coordinate with management company
- Advise management company of property owners change of address
- Coordinate other issues with management company
Committee Members
Kay Craig
Treasurer
Vacant
Vacant