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In a multi-family housing association board meeting, it's important that the financial officer report the financial status of the association. Key numbers to document in the minutes include:
- Operating bank account balance at the end of the preceding month/ quarter/ reporting period
- Amount of assets and liabilities, which must equal each other
- Amount of the maintenance reserve account
- Amount of total delinquencies
Optionally, the officer can report how expenditures this year are performing against the budget, year-to-date.
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