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First Choice Association Management
4174 Woodlands Parkway
Palm Harbor, FL 34685
Tel: (727) 785-8887
Fax: (727) 787-5725

Accounting Services


First Choice Association Management offers complete financial services, including but not limited to, assistance with budget preparation, reserve analysis, utilization of an automated lockbox system, preparation of monthly financial statements, special assessment processing, delinquent collections, and bill processing.  Our Accounting Department is available to answer any accounting questions that may arise-whether or not the property manager is in the office or not!

FCAM utilizes state-of-the art industry software to produce clear and concise financial statements. The monthly financial package contains:
  • Balance Sheet
  • Income/Expense Statement
  • Reserve Analysis
  • Pre-Paid Report
  • Delinquency Report
  • Check Register
  • Complete General Ledger
  • Bank Reconciliation

One of the most important responsibilities of the Association is to adopt an annual budget.  It is critical that it be an accurate forecast of income and expenses for the coming year.  FCAM obtains proposed increases in utilities, vendor contracts, insurance premiums, etc., prepares a proposed budget using several years of actual expenditures, and conducts a budget workshop with the Board the Directors.  Based on this process, the Board adopts a budget that is presented to the unit owners.

Maintenance fee collection is made easy with the automated lockbox system and direct debit.  Sending a bank-generated coupon along with their check, unit owners' maintenance fees are directly deposited into the Association's bank accounts on their behalf, without delay.  Maintenance fees can also be electronically debited from unit owners' accounts directly into the Association's bank account.

Our Accounting Department prides itself on its integrity, accuracy and efficiency.  Bills are properly coded and paid on time.  Changing financial climates warrant that Associations have top-notch financial services at their disposal.  FCAM's Accounting Department fulfills that role.  For further information about FCAM's accounting services, contact them at fcam@firstchoiceassociation.com




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