Homeowners Association Sample Financial Statements. Associations should disclose important financial information to community members on a regular basis. Smart buyers examine all the homeowner association documents, including its latest financial statements, to How Financially Sound Is the Homeowner Association?
Statement of Cash Flow The statement of cash flow shows all sources and uses of a company's cash during the accounting period.
In general, homeowners have to pay their portion of the total costs to operate the association.
A homeowners' association board must be completely transparent Can HOA members ask for a financial statement and a copy of the bylaws? Financial statements are reports prepared by management to give investors and creditors information about the company's financial performance and health. Every homeowners association has it's own policies, which are established by the board of directors.