Accounting & Financial Reporting
Budgeting and Re-Forecasting
Detailed and concise budgets, with accurate and succinct variance explanations, reviewed on a monthly basis, are the most effective tools for controlling both escalatable and non-escalatable operating expenses as well as ascertaining the property's trajectory and velocity relative to NOI. EdgeCore sees budgeting as the cornerstone of good management and control, however, the budgeting tool can and should do so much more. When budgeting, re-forecasting and preparing variance reports are a collaborative process (incorporating feedback from the Leasing team, Management team and Ownership), taking a budget to the level of a Business Plan for each property. This is the EdgeCore process - inclusive, informative and focused on NOI and accountability for the bottom-line. The integration of all real estate disciplines ensures that the budget is not just a guideline, it becomes a powerful tool for achieving superior results. Budgeting and Re-Forecasting typically include, Revenues, Expenses and anticipated Capital of the stub-period (for the remainder of the current year), the coming year, and typically, a multi-year capital projection, all driven by the goal of improving NOI. EdgeCore has deep experience in all aspects of the budgeting process and is very adept at viewing them through an owner's perspective. In addition, EdgeCore is proficient with numerous budgeting software modules including, Yardi, Kardin and others.