Monthly HOA Financial Summary Outline

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.

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.

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.

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.

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.

Six year old thread.