MGRE Accounting and Financial
Management
Meticulous attention to financial stability
is essential to any property's ongoing
operation. Under the supervision of MGRE
Chief Financial Officer and Controller Cynthia
Dubensky, CPA, MGRE's Accounting
Department, including our staff of
professional, experienced full-charge
residential management bookkeepers,
computer operators, and accounting
administrative support staff, provide
accurate, on-time accounting and financial
management services to all our client
properties.
At MGRE, there is never any co-mingling of
client accounts. All of MGRE's accounting
and financial management services are
performed under a scrupulous, three-tier
system of checks and balances that
guarantees absolutely honest oversight and
administration of each client property's
finances.
MGRE's Accounting and Financial
Management services include:
A full computerized accounting and
bookkeeping system that provides
comprehensive, easy-to-read monthly
Financial Reports guaranteed to be
delivered to the Board by the 15th of each
month and including Accounts
Receivable/Accounts Payable analyses, Cash
Receipts, Cash Disbursements, ongoing
Budget and Year-To-Date activity reports,
and itemized and Aged Accounts/Arrears
schedules
• Immediate deposit into client
accounts, and immediate posting, of all
accounts receivable
• Administration of all owner/resident
maintenance/common charge/rent accounts,
and delivery of all maintenance/common
charge/rent bills no later than the 27th
day of every month
• Ongoing review of staff, supplies,
insurance, and professional services to
ensure the highest quality products and
services at the most favorable cost
• Bulk purchasing discounts on fuel,
supplies, insurance, and legal fees
• Investment advice and investment
account administration
• Maintenance and reporting of DHCR
Programs, including Senior Citizens Rent
Increase Exemption Program (SCRIE), MBR's,
fuel cost pass-alongs, and labor cost
pass-alongs
• Coordination and assistance with
J-51 tax abatements, major capital
improvement rent passalongs, and real
estate tax reduction proceedings
• Ongoing productive communication
with each client property's outside
accounting professional(s)
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