What is a key administrative task related to pre-need accounts?

Monitoring future funds availability is crucial for pre-need accounts because it ensures that the funds set aside for future funeral services remain sufficient to cover the costs at the time of need. Pre-need accounts involve establishing financial arrangements in advance of death, and over time, costs can fluctuate due to inflation and changes in market conditions. Therefore, administrators must regularly review and assess the status of these funds to guarantee that they will be adequate when the services are eventually required. This ongoing oversight helps protect both the consumer's investment and the funeral service provider's obligations.

The other options, while potentially valuable in various business contexts, do not directly relate to the administration and maintenance of pre-need accounts. Creating marketing strategies focuses on promoting services rather than managing existing agreements. Reducing service fees may enhance competitively, but it does not address the necessity of ensuring that pre-need funds are properly managed. Hiring additional staff can improve a funeral home's overall capacity, but it is not specifically tied to the essential practice of overseeing pre-need financial accounts.