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Subject: Monthly HOA Financial Summary Outline
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Author Messages
AlexM1
(Oklahoma)

Posts:273


07/25/2014 8:27 PM  
Not really sure what I am looking for here but will attempt to explain. If one were to draft up an outline of a HOA monthly financial summary to present at a HOA monthly meeting, what could it include in order to satisfy MOST people. What I would like to have is an outline that one of you has used that could be used at each meeting that could be filled in that would satisfy most people showing what was taken in by the HOA, what was spent, how was it spent, etc and more etc. In other words, when one looked at that form, it would tell in a rather succinct form the story of what went on finically for the HOA during the month. This would probably take up the better part of one page. I would like for this to be passed out at the meeting and also to be sent to the owners via email each month to give them an idea as to how we are financially, etc.
RichardP13


Posts:0


07/25/2014 8:36 PM  
Attached is one I developed for my community

Attachment: 1725362716671.pdf

TimB4
(Virginia)

Posts:16627


07/25/2014 9:48 PM  
Richard provided a good summary.

We provide a budget summary (along with a monthly income/expense document).

Attached is the summary we provide. The one for the Board meetings include a remaining column.
The Income/Expense statement, which is not attached, would be the same for both the board meetings and annual meetings.

Attachment: 1725485042671.pdf
Attachment: 1725485050654.pdf

TimB4
(Virginia)

Posts:16627


07/25/2014 9:52 PM  
If interested, I've also attached a template for our financial reporting.

Attachment: 172552970571.xls

RichardP13


Posts:0


07/26/2014 7:42 AM  
Tim

What I provided was just a financial summary of all the reports. We provide a balance sheet and income/expense statement to our homeowners and the Board receives those and about 13 other reports. The financial summary is just a snapshot.
SheliaH
(Indiana)

Posts:2882


07/26/2014 8:00 AM  
When I was Board treasurer, I used a format similar to what everyone's shown you so far. If something unusual happened during the month, I added a "Budget notes" section to explain it, such as:

X amount was spent to remove tree branches that fell during the Nov. 2 thunderstorm
Y amount was transferred from the operating budget to reserves

JohnC46
(South Carolina)

Posts:9053


07/26/2014 8:21 AM  
One thing I like in a Financial Report is showing Actual for the Year compared to Budgeted for the Year. It paints a simple picture of where one stands and also raises any red flags early on to any problem areas.

TimB4
(Virginia)

Posts:16627


07/26/2014 4:40 PM  
Posted By RichardP13 on 07/26/2014 7:42 AM

What I provided was just a financial summary of all the reports.




Richard,

I liked the report you provided. I was just giving an alternate option.
I suspect either summary would work for the OP

JeniferH1
(Alabama)

Posts:3


01/13/2020 5:26 PM  
Richard,
Do you have a template of this that isn't in PDF form? I would like to use it and just change the $$ and wording of costs.
TimB4
(Virginia)

Posts:16627


01/13/2020 5:39 PM  
Jenifer,

Richard left the forum about 6 months to a year ago.

Typically, if the post count shows zero, that individual is no longer a member of the forum.
GeorgeS21
(Florida)

Posts:1877


01/13/2020 6:15 PM  
Six year old thread.
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