How to Read and Understand Your Scheme’s Monthly Financials.
Managing a community scheme means staying informed and in control of your scheme’s financial health. At ANGOR, we provide detailed monthly financial reports to support sound decision-making and transparent governance.
Here’s what you can expect in your monthly pack:
- Income Statement for the administrative budget
- Balance Sheet
- Creditor Payments & Supporting Documents
- Bank Statements & Cash Movement
- Levy Roll
- Debtors Age Analysis
- Electricity & Water Exception Reports
- 10-Year Budget, including project forecasts & reserve fund expenditure
What should Trustees pay close attention to?
- Income Statement & 10-Year Budget – Are expenses aligned with the approved budget? Are reserves being used as intended?
- Debtors Age Analysis – Are arrears increasing? Should debt recovery action be considered?
- Utility Exceptions – These can reveal issues such as faulty meters, bypassed meters, or undetected water leaks, impacting the scheme’s finances.
Don’t just receive the reports -use them to take action.
At ANGOR, we help Scheme Executives interpret these reports, understand trends, and ensure financial transparency and compliance