Financial Statement Review

Purpose (Why we do this):

Horizon managers are responsible for reviewing property financial statements and requesting changes from their accountant before AME to ensure accurate reporting.

Policy (What you're supposed to do):

Financial statements should be reviewed in detail 1x a week and all changes should be emailed to your accountant accordingly.

Procedure (HRA Way!):

The following reports should be reviewed:

• Income Statement Budget vs. Actual

• Details in each GL can be reviewed by clicking the "actual" amount.* Gross Potential Rent

When sending changes to your accountant please be as specific as you can. Always send the $ amount to be moved, the current GL code and the GL code you would like the $ moved to.

Please remember, best practice is to code your expenses where they truly belong rather than where your budget has room.

Prelim reports will be sent from your accountant around the 4th of the month. Please review these reports and send additional changes as needed. The goal is for your prelim report to require very few changes because of your review efforts throughout the month.