MONTHLY RECONCILIATION REPORT
February 2025 - All HOA Accounts
Operating (5129)Reserves (7011)40-Year Special (5872)
🚨 FLORIDA STATUTE VIOLATIONS DETECTED
6,918 in unauthorized transfers between accounts
5872 → 5129: $4,920
Unauthorized transfer to operating
5129 → 5872: $999
Unauthorized transfer from operating
5129 → 5872: $999
Unauthorized transfer from operating
Beginning
$54,853.03
Ending
$54,853.03
Net Change
+$0
⚠️ 2 fund mixing violations
Current Balance
$13,083.3
Required Min
$75,000
Shortfall
-$61,916.7
🚨 83% underfunded
Project Balance
$23,076.98
Improper Transfers
3
Fund Purity
COMPROMISED
❌ Mixed with operating funds
MONTHLY BUDGET
$14,779.09
ACTUAL EXPENSES
$30,199.43
VARIANCE
+$15,420.34
% VARIANCE
+104%
| CATEGORY | BUDGET | ACTUAL | VARIANCE | STATUS |
|---|---|---|---|---|
| Insurance | $7,131.59 | $6,053.06 | $1,078.53 | UNDER BUDGET |
| Professional Fees | $1,703.67 | $5,620 | +$3,916.33 | OVER BUDGET |
| Utilities | $2,586 | $2,582.29 | $3.71 | UNDER BUDGET |
| Maintenance | $2,770 | $8,480 | +$5,710 | OVER BUDGET |
First Insurance02/24
$6,053.06Total Insurance$6,053.06
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