Marina Ridge 30 Unit Strata - Kaslo

Competent financial management, provident spending decisions and careful budgeting will keep strata fees to a minimum and maintain property values.

• Bank Accounts - Each strata corporation has its own fund/trust accounts and bank statements. These indicate clearly the financial status of the strata corporation. Monthly bank statements, reconciliations & financial statements are provided to the Executive Committee to keep them informed of the current financial status of the corporation.
• Fee payment - Administer for each strata corporation a preauthorized payment plan set up with their bank account to process monthly fees. Owners do not have to write cheques.
• Collection of unpaid fees & Fines - Keeping accounts up to date is important to the Strata, and arrears are expedited quickly.
• Annual Financial Statements - Financial statements that we produce show every dollar received, spent, saved & the value of assets owned by the Strata in the last financial year. These statements form the basis for the Executive's budget for the next year.
• Budget - We work with the executive committee to prepare the budget for the upcoming financial year for presentation to the owners at the Annual General Meeting.