Financial Management for Associations
Financial Overview
Aurora Property Management delivers end-to-end association financial administration—accurate, transparent, and Florida-savvy. From planning to collections, we protect reserves, support boards, and build resident trust.
Local Partnerships
We partner with Florida-based accounting and bookkeeping firms to manage ledgers, reconciliations, and audits. Their local expertise speeds month-end closes and board reporting. Combined with vetted banks and CPAs, we keep communities compliant and cost-efficient.
Employee Management
Aurora serves as the employee of record for onsite staff, administering payroll, benefits, and compliance. We manage scheduling, training, and documentation with audit-ready controls. Clear dashboards align labor spend with budget and service standards.
Assessment Collection
We streamline billing, reminders, and secure online payments to boost on-time assessments. Courteous escalation protects neighbor relationships while increasing recovery rates. When necessary, we coordinate legal remedies and track results transparently.
Our Financial Management Process
From untangled books to clearer decisions, we help Florida associations bring structure, oversight, and purpose to their funds—so boards can move from reacting to planning with confidence.
Understand & Review
We begin by listening to the Board and reviewing your current financial statements, banking information, budgets, and contracts. From there, we outline the key issues we identify—what appears solid, what requires attention, and where we’d focus first to mitigate risk.
Payable Habits
We implement predictable routines for assessments, collections, and vendor payments. Our goal is straightforward: timely billing, controlled disbursements, and a clear audit trail so the association’s money is handled consistently and responsibly.
Stabilize & Organize
Next, we work to bring order to the day-to-day accounting. This can include aligning the chart of accounts, correcting owner-ledgers, and separating operating and reserve activities so that everyone can see a clear picture of how funds are being used.
Board Reports
On an agreed-upon schedule, we provide financial reports that are designed to be read, not ignored—comprising budgets versus actuals, bank reconciliations, aging reports, and reserve activity. We highlight variances and trends so that Board members can quickly identify what requires discussion.
Account Strategy
For cash sitting in operating accounts or unclear reserves, we help the Board understand what those dollars are for and what options exist. We provide informed recommendations and questions to take to your CPA or banker, ensuring funds are held safely and purposefully, creating value, not just being parked.
Ongoing Guidance
As your community’s needs evolve, insurance changes, projects shift, and laws are updated, we revisit assumptions with you. We’re available to review the numbers before or during meetings and suggest adjustments, ensuring your financial management remains aligned with the association’s goals.
