Controller Inbox
Only items that need action or judgment. Work straight down the list — everything else is running.
What Can We Safely Pay Today?
Cash on hand, expected money in, committed money out, and the reserve floor
Releasing the full ready queue leaves $493K of headroom above the reserve floor.
- Pay now — 5 fully funded, verified invoices ($187,400)
- Hold — 2 payments waiting on draw funding ($61,200)
- Blocked — 2 guardrail holds ($22,200)
4 Payments Need Approval
$184,000 in scope
Draw #4 funded. Work verified at 62%. Second approval required over $50K.
Change order #3 exceeds contract by $4,200 — needs owner sign-off.
Work verified 100%, but Draw #1 has not funded. Operating cash float required.
PM verification not complete. Second approval required before release.
2 Draws At Risk
$311,000 in scope
5 PM Invoice Reviews Overdue
$211,400 in scope
124 Oak Street and 55 Heron Point. Oldest overdue 4 days.
714 Pine Street framing and HVAC verification pending.
1908 Bayou Trace roofing invoice awaiting verified completion %.
417 Willow Run cabinets — partial delivery needs confirmation.
Cabinet delivery percentage not confirmed; blocks Draw #2 packaging.
2 Bank Requests
No dollar amount attached
Requesting July company balance sheet and WIP schedule for Draw #4 review.
3812 Lake Terrace commitment expires in 12 days; extension letter needed.
1 Loan Reconciliation
$8,420 in scope
3 Cash Flow Warnings
$788,000 in scope
Three projects require $482K of builder cash inside 7 days.
Projected reserve falls to $404K against a $500K minimum.
$210K equity contribution due before first draw can be requested.
Liquidity Warning
Week of Sept. 18 – Sept. 24
Three projects require $482,000 of builder cash within the same 7-day period.
- $210,00078 Magnolia CourtEquity contribution required before first draw
- $158,000124 Oak StreetDraw #4 costs floated while funding slips 3 days
- $114,0003812 Lake TerraceSite work paid ahead of first draw