General
This worksheet should be maintained and updated weekly to track future lot purchases and deposits.
What is the Divisions deposit worksheet?
T:\Finance\Financial Leadership Group\Deposit Worksheets
What reports need to be updated and reviewed for the Land Acquisition Call.
What are the Land Pipeline and Land Tracker?
This is the standard method for processing the majority of payments within the company.
What are SAP Concur and BuildPro applications?
When is the deadline for posting a completed Land Book to the appropriate folder on the shared X-Drive.
What is five (5) business days before the scheduled meeting?
Balance sheet reconciliations are due by this date each month following the month being reconciled. (Feb, May, August, November, and as of Dec 31)
What is the 25th of the month?
FLG responsible for following:
Accounting prepares the following and FLGs Review
What are Backlog Reports, Spec Inventory, and Sales Tracker?
When processing a rush check, this individual must make a phone call to the AP department to initiate the request.
Who is the Finance Leader?
What email address should be used to schedule lot purchases and what should be included on the calendar invite.
What is landtransactions@drbgroup.com.
Title/Subject: Division Lot Purchase
Location/Where: Community Name Lot # x, x, x
Indicate if the purchase is for raw land, backlog starts, spec starts or a spec lot due to contractual obligations.
Also indicate if its the initial lot purchase for a community.
Sales, cancellations, and contingency removals for the current month cannot be system ratified until this business day of the month.
What is the 4th business day?
In which location and by what deadline should the QBR reports be saved?
X:\Finance\QBR Reports
By noon the day prior to your meeting
What is included in the development invoice review/approval process?
Verifies the invoice request against the current budget, contracts, coding, approved change orders, and ensures a lien release is present when required.
If the lot purchase is for raw land or the initial lot purchase for a community, who can "clear" the purchase ensuring that all outstanding land committee items are addressed.
Who is the divisional corporate attorney?
What are the frequency and deadlines for updating SSS projections in Oracle.
What is the monthly on the 6th business day
What report is reviewed monthly to ensure status of development jobs are accurate.
What is the 14000 Land Report?
T:\Accounting\Monthly Close\Monthly Financial Workpapers\2025\02 FEBUARY 2025\02 MANAGEMENT REPORTS
This document is required to be provided by a subcontractor for all payment requests in the amount of $50,000 or more.
What is a signed lien release?
Who is responsible for assigning the risk level to each land project based on financial metrics and risk profiles
Who is the Area President?