At Simmons Management Group we believe in FULL DISCLOSURE, there are no secrets. Maintaining complete, accurate, and timely association financials is a cornerstone of our firm. We produce all the necessary financial information your association will need to make sound financial decisions.
As part of our services we provide the following financial reports to the entire Board on a monthly basis:
- Balance Sheet
- Income/Expense Statement
- Open Invoice Report
- Cash Disbursement Report
- General Ledger
- Variance Report (Monthly and Yearly Variances shown)
- 12 Month Trend Report
We also provide to the Board of Directors a monthly treasure's packet on their SMG website which includes:
- Copy of every bill paid for the month
- Copy of Bank Statements and Reconciliation
- Prepaid/Delinquency List
- Receipts Statement
- Property Unit Listing (roster)
Our operating budget is an extensive process that we begin in July and consists of the following:
- Narrative and Summary of Budget Figures
- Review and input of prior year actual expenses for comparision (including utility bills and review of reserve study for capital improvements)
- Contacting All Vendors For Next Year's Proposals
- A Draft Provided to the Board for Their Review and Input
For more information about our services, please select from the items below.
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