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Did You Know? FINANCIAL RECORDS SHOULD BE IN BOARD PACKETS - Find our latest Cheat Sheet, Board Member Roles and Responsibilities on the Publications Tab! Financial records and reports should be provided by the association's management company or by the association's treasurer (if the association is self-managed) to board members every month. Financial Records and reports should be in the board packet. This gives board members the opportunity to review them prior to the board meeting and be prepared to discuss and take any necessary action at the board meeting. The following financial records should be included in the board packet: Check Register; General Ledger; Bank Reconciliations; Balance Sheet; Statement of Revenues and Expenses; Reserve Account Balance; and Aged Receivables Report. |
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