Labor Reports
Labor is one of the largest expenses at any retirement community. Watermark tracks labor and compares actual hours to budget hours on a daily basis using proprietary labor flash reports.

Budget Model
Over the last 16 years, Watermark has developed a proprietary budget model that is benchmark and resident day driven. This tool helps to guard against cost creep during the budget process and to identify expenses that are outside industry benchmark statistics.

Cash Projection
Watermark projects cash requirements on a weekly basis using its cash projection tool. Collections, accounts payable, payroll, debt service, capital improvement payments and other items that effect cash are forecasted at least four weeks in advance. This discipline helps avoid cash surprises and helps the communities focus on the essential areas of the business and how they effect cash requirements.

Financial Analysis Report
This report provides a snapshot of the most important financial data so that the community’s financial health can be quickly evaluated at a glance. Here, the reviewer can see community census, revenue variances due to census or room rates, a 90-day rolling accounts receivable report, bad debt reserves, per day income and expense by program, and ancillary costs. Department-specific functional and expense reviews are also provided in this report, as well as a section for action plans addressing areas showing that improvement is needed.

Financial Trend Report
Two years worth of key financial indicators are displayed on this report so that trends can be quickly established and analyzed for action. Communities collect and maintain two years of data on census numbers, revenue billed, revenue collected, AR balances, AP balances, payroll expenses, and contract labor expenses. This enables management to identify trends and address them proactively.