A professional examination and verification performed by either an independent party or internal audit function of a company’s accounting documents and supporting data. Upon completion of the examination, the auditor will render an opinion as to the fairness, consistency, and conformity of the information with GAAP.
The balance sheet is a financial statement that gives an accounting picture of assets owned by the association and of claims against those assets on a specific date. One part of the balance sheet lists assets, while another part shows liabilities and the owner’s equity. ASSETS must always equal LIABILITIES + NET WORTH. Therefore a balance sheet is often described as a “snapshot” of the association’s financial condition at a given point in time.
An estimate of income and expenses for the 2012 fiscal year.
An estimate of income and expenses for the 2013 fiscal year.
An estimate of income and expenses for the 2014 fiscal year.
Cluster Home Specific Budget:
Download the Cluster Home Budget
Reserve Data Analysis 2014
Financial statements and supplementary information.
Income & Expense Report
A financial statement that contains a summary of the Associations’ financial operations for a specific period of time. It shows the net profit or loss for the period by stating the company’s revenues and expenses.