- What should an HOA financial report include?
- A complete HOA treasurer's report typically covers four areas: (1) an income statement listing all dues, assessments, and other revenues against budgeted amounts; (2) an expense statement showing every cost category — landscaping, insurance, utilities, management fees, reserves — against budget; (3) a balance summary comparing beginning and ending cash balances; and (4) a budget variance section flagging items that are significantly over or under budget. This generator produces all four sections in one downloadable PDF.
- What is a budget variance in an HOA report?
- Budget variance is the difference between the amount budgeted for a line item and the amount actually spent or received. For expenses, a positive variance (budget > actual) means you came in under budget — a favorable result. A negative variance means you overspent. For income, a positive variance means you collected more than budgeted. This tool calculates and highlights each variance automatically so your board can quickly spot items that need attention.
- How do I reconcile the ending balance?
- The ending cash balance should equal your beginning balance plus net income (total income minus total expenses). If the two figures do not match, it usually indicates an unrecorded transaction, a bank transfer, or a reserve fund movement that needs to be accounted for separately. This tool flags any discrepancy between your entered ending balance and the calculated one so you can investigate before distributing the report.
- Is my financial data sent anywhere?
- No. Every calculation and PDF generation step runs entirely inside your web browser using JavaScript and the open-source pdf-lib library. Nothing is uploaded to a server, stored in a database, or shared with any third party. You can even disconnect from the internet after the page loads and the tool will still work. This makes it safe for handling confidential HOA financial information.
- Can I import data from a spreadsheet?
- Yes — use the CSV import buttons under Income and Expenses. Export your spreadsheet as a CSV file with three columns in order: Description, Actual amount, Budget amount (no header row required, but a header row is accepted and skipped automatically). Each row becomes one line item. You can add or edit items manually after importing.
- How often should an HOA treasurer present a financial report?
- Best practice recommended by most community association management professionals is monthly — or at minimum quarterly — financial reporting to the board, with an annual report distributed to all homeowners. Many state HOA laws (including California Civil Code §5300 and Florida §720.303) require annual financial disclosures. Monthly reports allow the board to catch budget overruns early and make informed decisions about assessments and reserve contributions.