Our method of monthly "user friendly" reporting allows us to provide you with the comparative monthly and year-to-date variances related to the actual and the Budget. Our monthly report includes balance sheet, income and expense statement, bank reconciliations for all accounts operating or reserve, accounts receivable and account payable listings and statement of reserve for major repairs and replacements. Each property is operated as a separate entity with it's own bank accounts for which copies are provided in the monthly statements. All interest earned on deposits funds is credited directly to the accounts of the condominium corporation.

Monthly statements will be sent to the board by the 20th of each month following, unless a specific date that is mutually agreeable is requested that would coincide more with your Board Meetings.

Arnsby Property Management prepares annual budgets at least two months prior to the commencement of each fiscal year during the term of our management agreement as a part of our service package. Our financial department in addition to the assigned property manager review the monthly statements maintaining a constant vigilance over the expenditures of each property. Variances in budget to actual are identified and monitored. At the completion of each fiscal year, this office prepares a comprehensive package available for audit purposes to be forwarded to the accountant of record.

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