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What's on my monthly financial statement?

Your monthly financial statement provides a record of the financial transactions impacting your home in the prior month.

Watch this video for a complete guided walk-through of the monthly financial statement we deliver via email. You'll learn about the details you can expect to find and the most frequently asked questions for each section of the statement.

 

Don't need a full walk-through? Skip below to watch quick deep-dives into the sections you care about most.

  1. Beginning Bank Balance
  2. Income
  3. Expense
  4. Net Income/Loss
  5. Other Transactions
  6. Ending Bank Balance
  7. Cash Requirements

 

FullOwnerStatementWalkThrough_High

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Beginning Bank Balance

The Beginning Bank Balance indicates to you the balance on your home as of the beginning of the reporting period of your financial statement.

Owner Statement Beginning Bank Balance Line

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Income

The Income section provides you with a record of all payments made to your home's balance throughout the statement period.

Owner Statement Income Section

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Expense

The Expense section provides you with a record of all expenses paid for from your home's balance throughout the statement period. Expenses may occasionally be negative, indicating that you have been reimbursed for an expense.

Owner Statement Expenses Section

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Net Income/Loss

The Net Income/Loss is always equal to your total monthly income minus you total monthly expense.

Owner Statement Net Income Loss

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Other Transactions

The Other Transactions section includes your contributions to your home's balance, Great Jones' distributions to you, and prepaid rent from your Residents.

Owner Statement Other Transactions Section

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Ending Bank Balance

The Ending Bank Balance indicates to you the balance on your home as of the end of the reporting period of your financial statement.

Owner Statement Ending Bank Balancev2

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Cash Requirements

The Cash Requirements section provides to you a record of the Total Reserve on your account, which impacts your beginning and ending balances as well as your distribution, and the security deposits that are held in Great Jones' non-interest bearing escrow accounts.

Owner Statement Cash Requirements

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