Reading the Monthly Financial Statement

Part 2 of 3 — where the money goes, and how to read the Association’s monthly statement.

The Short Version
The 2026 budget is about $816,000. Almost all of it comes from dues.
Two things use more than half: grounds upkeep and reserves.
Each month, the Association’s financial statement shows how the year is going. It comes in two parts.

Three Words to Know Balance Sheet — a snapshot of what the Association holds, and what it owes, at the end of the month. Revenue & Expense Report — compares actual income and spending to the budget, for the month and year to date. Escrow — money the Association holds that isn’t all its own. It includes rental receipts and refundable deposits, such as builder and River Club deposits.

Where Does the Money Come From, and Go?
Dues bring in about $766,500. Fees, rentals, and interest add about $50,000. We grouped the budget’s items into six categories.
Grounds — $375,000. Landscaping, irrigation, trees, road and alley repairs.
Administration — $145,000. Management, staff, legal, accounting.
Pool & Clubhouse — $110,000. Service contracts, utilities, repairs.
Reserves — $104,000. Set aside for future repairs.
Insurance — $60,000. Property, liability, flood, and directors and officers coverage for Board members.
Street lights & recreation — $22,500. Lighting, tennis courts, kayak storage, playground.

How Do I Read the Statement?
Start with the Balance Sheet. Here is what it showed for July 2026:

What the Association held, July 2026 Operating — money for everyday bills Reserves — money for future repairs Escrow — rental receipts and refundable deposits held for others Total

Amount $299,000 $526,000 $197,000 $1,022,000

Rounded. Setting escrow aside, operating and reserves held about $825,000. Some of that may be owed on bills, and operating cash rises and falls during the year.

Then turn to the Revenue & Expense Report. Two things to check each month:
Is spending on track? One odd month is normal. A growing difference is worth asking about.
Did reserves go up or down? Look for “Spent from Reserves” and any “Transfer to Operating.”

Question to Consider

When the Board presents the 2027 budget, which of the six categories would you most want explained?

Sources: Coosaw Point Approved Annual Budget, 2026 · Monthly Financial Reports, 2026 · Balance Sheet, July 2026 · Revenue & Expense Budget Comparison Report, July 2026.

Prepared by Coosaw Futures, Corp., an independent nonprofit of Coosaw Point property owners. We are not affiliated with the POA or the Declarant. Based on records available as of September 2026. For informational purposes only, and not legal or financial advice. If you see an error or have feedback, please let us know at info@coosawfutures.org.