Accurate, easy-to-read and on-time financial reporting is a critical part of successfully managing any community.
At Desertbreeze, we offer a personalized, comprehensive financial package to give you rapid access to the right information to make informed decisions.
If you need additional help or a customized report, each community has a dedicated financial manager who is ready and available when you need them most.
Monthly financial reports packages include:
Balance sheet, including current month and prior month actuals
Income and expense statement with month and year-to-date actuals to budget
Income and expense trend report organizing year-to-date expenses by month and category
Investment listing reports with rates, terms, purchase dates, maturity dates and account information for all your association investment accounts
Reserve fund schedule with month, year-to-date and prior year actuals detailing contributions and expenditures
Settlement fund schedule with month, year-to-date and prior year actuals detailing contributions and expenditures for tracking legal settlement funds
Check disbursement report with details on check date, check number, payee name, general ledger account number and a description
Delinquency report detailing a list of delinquencies by homeowner
or general ledger income category
Bank balance report showing a reconciliation for each bank account with attached bank statements for review
General ledger report showing a detail of all transactions for the month
General ledger journal report detailing a list of all journal entry adjustments for month and year end
Custom reporting provided to suit your needs
Accounts Receivable:
Process billing statements, e-statements and payment coupons
Strict adherence to the board-approved collection policy for delinquent homeowners
Process all ownership changes and demands from escrow
Process daily cash receipts both in-house and through our local lockbox
Assess fines and violations that are approved by the Board
Timely responses to billing inquiries and correspondence
Monthly delinquency report with detail and status updates on individual delinquent accounts
Ensure monthly status reports are received and provided to Board, from the association’s collection attorney on all delinquent accounts
