MONTHLY RECONCILIATION REPORT
April 2025 - All HOA Accounts
Operating (5129)Reserves (7011)40-Year Special (5872)
🚨 FLORIDA STATUTE VIOLATIONS DETECTED
1,361.45 in unauthorized transfers between accounts
5129 → 5872: $1,361.45
Unauthorized transfer from operating
Beginning
$52,378.04
Ending
$52,295.97
Net Change
$82.07
Current Balance
$13,375.63
Required Min
$75,000
Shortfall
-$61,624.37
🚨 82% underfunded
Project Balance
$83,246.89
Improper Transfers
1
Fund Purity
COMPROMISED
❌ Mixed with operating funds
MONTHLY BUDGET
$14,779.09
ACTUAL EXPENSES
$26,935.3
VARIANCE
+$12,156.21
% VARIANCE
+82%
| CATEGORY | BUDGET | ACTUAL | VARIANCE | STATUS |
|---|---|---|---|---|
| Insurance | $7,131.59 | $0 | $7,131.59 | UNDER BUDGET |
| Professional Fees | $1,703.67 | $1,170 | $533.67 | UNDER BUDGET |
| Utilities | $2,586 | $0 | $2,586 | UNDER BUDGET |
| Maintenance | $2,770 | $0 | $2,770 | UNDER BUDGET |
Total Insurance$0
NEXT MONTH FOCUS AREAS:
- • Eliminate all fund mixing violations between accounts
- • Monitor operating account minimum balance ($25,000)
- • Plan special assessment for reserve funding compliance
- • Implement dual approval for inter-account transfers
- • Schedule emergency board meeting for violation remediation
Board Treasurer: _______________________
Date: _______________________
⚖️ Florida Chapter 720 Compliance Required