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Sample Condo Association Balance Sheet Yool in Form

Sample Condo Association Balance Sheet Yool in Form

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this is the first of a two-part presentation on understanding the story being told by your association's financial statements in this first part we will provide an overview of the financial statements for a community association to help a new board member or new association manager understand the story contained within the financial statements so they can understand where the association stands financially and what needs to be done of anything moving forward as a board member or manager you should receive on a monthly basis a financial package that contains a balance sheet showing the financial position of the association an income statement versus monthly and year-to-date budget for the association which shows how the income and spending for the month and period-to-date is going versus budget details of delinquent assessment receipts indicating how much and who has not paid their assessments bank reconciliations and bank statements a check register and details of journal entri

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