At Eclipse Community Management, we believe that timely financial reporting is the foundation of responsible community association governance. That’s why we’re proud to share that April’s accounting has been closed, fully reconciled, and delivered to all of our boards as of May 5th – just five days after month-end. This is the norm for communities that choose Eclipse as their management partner. This level of promptness is a key part of how we support our homeowner and condominium association clients in making informed, strategic decisions.
Why Timely Financial Reporting Matters
Board members are stewards of their communities’ resources. Having accurate, up-to-date financials empowers them to:
- Monitor budget performance and track variances quickly
- Identify and address financial issues early, before they escalate
- Plan effectively for maintenance, capital improvements, and reserve funding
- Maintain compliance with governing documents and state requirements
When reports arrive weeks late or contain outdated data, boards are left making decisions in the dark. At Eclipse, we’re committed to giving our clients full financial clarity.
Promoting Transparency for All Homeowners
In addition to reporting to boards, we promote financial transparency by sharing key financial metrics with all homeowners on a monthly basis. On the 20th of each month we post the balance sheet and income statement / budget comparison for review. This ensures every member of the community has visibility into how funds are being managed helping build trust, reduce confusion, and foster a culture of accountability.
A Partner You Can Rely On
Whether it’s delivering reconciled financials within days of month-end or proactively communicating with homeowners, Eclipse Community Management is here to support better governance through clear, timely, and transparent reporting.
If your current management company isn’t providing this level of service, let’s talk!
