I don't do the actual debits and credits. The property manager has a staff that does that stuff. I work with him to prepare the annual budget, direct expenditures, recommend investments for our funds, etc.
Our year ended on 12/31. The auditor has prepared financials for the association. Tonight at the annual meeting I make a short presentation to residents on the high points of last year's finances. I discuss variances vs. the year's budget, savings, major projects, etc. Then I discuss the new year's budget and reasons for any changes. We had a 5% fee increase this January. The first increase in three years.
Along the way, I answer questions that may come up. As we are in very good financial condition and don't often raise condo fees, residents are comfortable with what we're doing.