Sound financial management is the foundation of a well-run strata corporation. Stratawest provides rigorous financial administration, giving your council clear, accurate information to make informed decisions. All strata funds are held in separate trust accounts in compliance with the Strata Property Act.
Our Financial Management Services Include:
Prepare annual operating budgets and contingency reserve fund schedules
Collect strata fees and special levies
Manage pre-authorized debit programs for strata fee collection
Process accounts payable and maintain accurate financial records
Provide monthly financial reports to strata councils
Maintain separate trust accounts for operating and contingency reserve funds
Prepare year-end financial statements for review or audit
Coordinate with auditors and accountants
Issue Form F Certificates of Full Payment
Issue notices of lien when required
Advise on special levies and bylaw amendments for financial matters
Manage contingency reserve fund investments within permitted guidelines
Questions about strata finances?
Our team is happy to discuss your financial management needs.
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