Financial Only Management

Trestle’s Financial Only Management service is for Community Associations that want to manage the community on their own, yet have an experienced and knowledgeable team perform the financial services for them -- ideal if your community is highly independent or on a tight budget. 

It enlists Trestle to provide financial management of your community within your guidelines and approvals.   The Board serves as the regular interface to your membership for total control to implement planning, projects and activities you want to accomplish throughout the year.

 Included Scope of Services

  • Administrative Management Services
    • Maintain records.
    • Resale Certifications & Lender Requests.
    • My-Community web portal for Owners and Boards.
  • Financial Management Services
    • Banking
      • Manage primary operating and reserve accounts.
      • Make transfers from operating to reserve accounts.
      • Deposit miscellaneous funds (refunds, rent, etc.).
    • Collections / Accounts Receivable
      • Prepare and mail billing statements.
      • Post and deposit owner payments, including ACH payments.
    • Delinquency Enforcement
      • Run Trestle’s proprietary delinquency process.
      • Issue delinquent notices and letters.
    • Disbursements / Accounts Payable
      • Pay all bills budgeted or approved by Board.
    • Financial Reporting
      • Prepare accrual based financial statements and reports.
  • Property Management Services
    • Board Advice & Consultation
      • Consult and provide advice per industry standards.
      • Provide Washington State RCW and public policy information, guidance and awareness.

Additional Services Available

  • Financial Management Services
    • Investments
      • Assist Board with the investment of funds.
  • Advanced Financial Management Services
    • Audit and Taxes
      • Audit & tax coordination with accountant.
      • Process Federal income tax payments.
    • Planning
      • Prepare annual budget and implement through membership approval.
      • Coordinate reserve study.

Contact us to learn more and obtain a free estimate.