Each month the board will receive a complete financial reporting package which assists them in seeing the current financial picture of the community.
The monthly package includes:
- Rent rolls
- Late Payment Report
- Profit and Loss Statements Compared to Budget
- Balance Sheet
- Bank statements for all accounts
- Copies of all invoices paid during the month
- Notices of violations
This report bundle will be provided on a regular basis by the 10th of each month.
In addition, funding reports for the Capital Reserve Plan will be provided according to an annual Board Reporting Schedule that we will establish. Our goal is for board members to be able to easily see every dollar that came in and how it was spent without any extra digging or questions.
Notices of violations can also be included if requested.