Your monthly financial statement provides a record of the financial transactions impacting your home in the prior month.
Watch this video for a complete guided walk-through of the monthly financial statement we deliver via email. You'll learn about the details you can expect to find and the most frequently asked questions for each section of the statement.
Don't need a full walk-through? Skip below to watch quick deep-dives into the sections you care about most.
- Beginning Bank Balance
- Net Income/Loss
- Other Transactions
- Ending Bank Balance
- Cash Requirements
Beginning Bank Balance
The Beginning Bank Balance indicates to you the balance on your home as of the beginning of the reporting period of your financial statement.
The Income section provides you with a record of all payments made to your home's balance throughout the statement period.
The Expense section provides you with a record of all expenses paid for from your home's balance throughout the statement period. Expenses may occasionally be negative, indicating that you have been reimbursed for an expense.
The Net Income/Loss is always equal to your total monthly income minus your total monthly expense.
The Other Transactions section includes your contributions to your home's balance, Great Jones' distributions to you, and prepaid rent from your Residents.
Ending Bank Balance
The Ending Bank Balance indicates to you the balance on your home as of the end of the reporting period of your financial statement.
The Cash Requirements section provides to you a record of the Total Reserve on your account, which impacts your beginning and ending balances as well as your distribution, and the security deposits that are held in Great Jones' non-interest bearing escrow accounts.