Mis-Mgmt.
Fees
Fees
The person(s) who assist with budgeting Management Fees.
Who are Matt S / accounting?
The primary source of income for most well developed communities.
What is Association assessments / dues?
What the acronym "RFP" stands for.
What is Request for Proposal?
Most communities managed by Cohere practice accrual-basis accounting, what is another commonly practiced type of accounting?
What is cash-basis accounting?
The 2026 landscaping expense budget of this flagship AZ community is over $6M.
What is the Verrado Community Association?
The percentage burden rate calculated on staff's base pay in "Mgmt. Fee - Staffing".
What is 38%?
In developing communities, this word is often attributed to soaking up additional assessment revenue YoY.
What is absorption?
The number of bids that you typically get for large projects.
What is three?
Reasons to ask your accountant to accrue an expense with your monthly financials.
When services are rendered, in the current reporting period, billed or to be billed but not yet paid?
This community in Washington State has an estimated 500,000+ trees, with an arbor care budget in the six figures.
What is Tehaleh?
"Base Door Management Fees" increase annually by the greater of 3% or ______, as published by the Bureau of Labor and Statistics.
What is the increase in the Consumer Price Index for all urban consumers (CPI-U)?
The name of Cohere's preferred Vantaca report that compares actuals to budget on a monthly and YTD basis.
What is the Statement of Revenues and Expenses?
Funds that are set aside for large, long term, repair and maintenance of existing assets.
What are Reserve Funds?
The terminology for an expense that is spread out evenly each month across a calendar year?
What is a straight-lined or annualized expense?
This community in Texas hosts a signature 21-acre amenity known as Skyline Park, with spectacular views of the Austin skyline.
What is Easton Park?
The name of the GL account in which Late Fee and Collection Fee expenses are coded.
What is Ancillary / Supplemental Mgmt. Fees?
The name used for income that comes from a developer to help towards expenses for a community.
What is subsidy income?
This emergency funding tool is levied against all homeowners, often used when a large expenditure exceeds the available cash for the community.
What is a special assessment?
A landscaping bill is received in December, but paid in January. It would generally be recorded in this month (Dec. or Jan.).
What is December?
Towering at 6,400ft of elevation, this 55+ community in Colorado hosts a well maintained amenity situated on Mount Montaine.
What is the Regency at Montaine?
The Executive Hourly Rate for "Fees for Additional Services" - $100-$200, $201-$399, $400-$600?
What is $201-$399?
A reason that would cause you to have less actual assessment income than budgeted: (1) you collected less assessments than budgeted, (2) you collected lots of late fees, or (3) you billed less assessments than budgeted?
What is answer 3?
The type of expenditure (i.e. "Reserve expense") that an association would create if it built a brand new asset (like a pool!).
What is a capital expenditure?
A one-year insurance policy is paid and effective on July 1st, totaling $12,000.00. This dollar amount of that expense should be realized before the end of that calendar year.
This Arizona community has (5) separate budgets created and approved annually.
What is Eastmark?