Six Peak Monthly Finance call

• The meeting reviewed monthly finance operations, tool integrations, and project billing to align reporting, forecasts, and budget categories.
• The team demoed Six Peak Cloud and a PowerPoint plugin for standardized deliverables and agreed to use the projection portal so monthly financials automatically update forecasts and produce variance analyses.
• Progress on Yardi integration and accounts payable automation was discussed: Alina's AP work should reduce manual entry and Jonah will define required Yardi data flows and permissions.
• Payroll modeling was clarified — base salary, bonuses, and employer payroll tax (~7%) sit in the salary line — and the group agreed to standardize a payroll burden assumption of roughly 15% with supporting detail to be shared.
• Expense coding and job-level charge allocation options were debated, including separate cards per job or issuer sub-cards for easier classification.
• Because project starts shifted and categories need alignment with Yardi, the team agreed to delay a formal budget revision until Chris Aiello integrates the 3/31 numbers and re-categorizes expenses to Yardi codes to align the budget to the pro forma.
• The meeting also addressed Francis billing: $175K in pre-construction billing exists but only $77K has been billed and invoices remain unentered; the team will finalize pre-con invoices and accrue revenue so payables and internal payments can be calculated.
• Internal project budgets will be updated for buyouts and actuals, with a follow-up to implement a mock Ramsgate adjustment and prepare backup for MRK's cost review through October.

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