Financial Management

The Enfield Group Inc. investigates all possible cost saving measures including efficiencies in energy and water usage. The Enfield Group uses its extensive buying power and provides individual attention to every property it manages. The Enfield Group will also investigates alternative sources of revenues.

 

Financial Integrity

Full disclosure in accounting practices is an essential element of trust we maintain. The Enfield Group Accounting Department will hand over all the books to the auditor of your choice for the annual audit.

The Enfield Group Accounting Department handles the following:

 

  • Property Management Fee Collection: Our staff perform the collection of all property fees and/or rents, housing charges, special levies and CAM charges. We deposit all pre-authorized cheques. We follow up on the collection of delinquent accounts and deposit funds. We can also levy liens or obtain judgements against delinquent owners as per Board of Directors' and/or Owner's instructions.

  • Financial Records: A/P, A/R, Payroll, Production of Operating Budgets, Schedules of Fees and Monthly Financial Statements

  • Financial Planning: We will advise the Board of Directors with regard to establishing budgets, capital planning and contingency reserve fund requirements. We will assist the Board in obtaining Reserve Fund Studies every three years for each corporation. From the results of these studies, new budgets will be produced to ensure that sufficient capital is held in reserve for future costs. The Enfield Group will also advise the Board on the best methods to manage / invest their capital assets in the Reserve Fund.

The Enfield Group Inc.  905-689-7341   info@enfield.net                                                © 2015 The Enfield Group.