11/05/2026
Small trends today can become big problems tomorrow—which is why every HOA board should regularly review its financial reports.
Here are the key reports every board should be watching:
• Balance Sheet – Shows what the Association owns, owes, and has in reserves.
• Profit & Loss Statement – Compares actual income and expenses to the budget and helps identify overspending.
• Delinquency Report – Shows which owners are behind on assessments and how much is outstanding.
• Reserve Fund Report – Helps track whether reserve balances are keeping pace with future repair and replacement needs.
• Accounts Payable Report – Identifies unpaid bills and upcoming obligations.
These reports help boards spot issues early, make informed decisions, and avoid financial surprises.
Does your board review all five each month?