Continuing Monthly Reports Sample Clauses

Continuing Monthly Reports. By the twentieth (20th) day of each month, Proinvest shall prepare and deliver to Owner a monthly report detailing the operations, revenues and expenses of the Assets. The Monthly Report shall include the following with respect to each Asset and with respect to all of the Assets as a portfolio, in hard copy: Monthly Report (“Monthly Report”) (1) Property Management List • Schedule of expenditures to be reimbursed pursuant to Article VI. • Manager’s Narrative Report (“Narrative Report”) on the Asset • Explanations Regarding Asset Budget Variances • Delinquency Report with Narrative • Detail to Accounts Receivable • Updated Rent Roll • Changes from Prior Month’s Rent Roll (2) Accounting List • Balance Sheet • Summary Operating Statement • Detailed Operating Statement showing all receipts and disbursements and reflecting the financial condition of the Assets for the month immediately preceding. • A detailed explanation of variances to the Asset Budgets • Cash Flow Statement • Bank Statement Reconciliation • Copy of the Bank Statements • General Ledger Detail • Cash Receipts Journal • Cash Disbursements Journal • Diskette Template (3) Leasing List • Leasing Activity Report • Lease Expiration Report • Accounts receivable breakdown showing all monies past due by tenant on an account aging basis. The Narrative Report provides an explanation of the activities that occurred in the previous month and should address five main areas: • Overall Performance of the Assets • Administrative Issues, Problems, and Events • Leasing Activities and Tenant Relations • Building Operations • Construction and Tenant Improvement Activities