Barnstable |
Code of Ordinances |
Part IV. Town Manager Regulations |
Chapter 401. Administrative Procedures |
Article X. Property Management Procedures |
§ 401-179. Financial reporting and controls.
Latest version.
-
A.Budgeting. Budgeting for property management will be part of the Town of Barnstable's operating budget process. The budget will consist of estimating revenues from rents and expenditures for maintenance and other administrative costs.B.Reporting. A system of reporting is essential for monitoring and controlling operations and is an integral part of the budgeting process. The reporting system should include an operating budget and the following items:(1)Lease roll. The lease roll is a detailed listing of properties, residents, lease, and other amounts due and received from residents.(2)Schedule of disbursements. The schedule of disbursements lists expenses for the reported period and the reason they were incurred.(3)Management summary. This summary contains certain indicators of management effectiveness on a comparative basis. This may include rent loss and occupancy, etc.