CIP - TI & TI Adjustments
We just started with a new PMC at a recently acquired office property I'm working on and I'm having a hard time understanding the adjustments on the cash flows. I've attached a screenshot of the first three months from the 2026 12 Month Actual to Budget Yardi report.
I was under the impression that the CIP - TI line was supposed to reflect the invoices paid while a TI project is in-progress, with the total project cost being reclassed into the "Tenant Improvements" fixed asset account once the project gets completed. Based on my understand, I would expect to see CIP - TI equal the Tenant Improvement amount recorded in the month of March when the project was completed and should get moved into the Tenant Improvements account. As highlighted in the screenshot, the report does not reflect this.
Is there a reason for this or am I misunderstanding CIP?
I'm feeling so confused. Any help is very much appreciated. Thanks!
