MONTHLY RECONCILIATION REPORT
January 2025 - All HOA Accounts
Operating (5129)Reserves (7011)40-Year Special (5872)
🚨 FLORIDA STATUTE VIOLATIONS DETECTED
1,960 in unauthorized transfers between accounts
5129 → 5872: $1,000
Unauthorized transfer from operating
5129 → 5872: $960
Unauthorized transfer from operating
Beginning
$64,114.11
Ending
$54,853.03
Net Change
$9,261.08
⚠️ 2 fund mixing violations
Current Balance
$12,537.12
Required Min
$75,000
Shortfall
-$62,462.88
🚨 83% underfunded
Project Balance
$31,985.25
Improper Transfers
2
Fund Purity
COMPROMISED
❌ Mixed with operating funds
MONTHLY BUDGET
$14,779.09
ACTUAL EXPENSES
$16,971.14
VARIANCE
+$2,192.05
% VARIANCE
+15%
| CATEGORY | BUDGET | ACTUAL | VARIANCE | STATUS |
|---|---|---|---|---|
| Insurance | $7,131.59 | $6,053.06 | $1,078.53 | UNDER BUDGET |
| Professional Fees | $1,703.67 | $3,350 | +$1,646.33 | OVER BUDGET |
| Utilities | $2,586 | $2,438.08 | $147.92 | UNDER BUDGET |
| Maintenance | $2,770 | $2,770 | +$0 | UNDER BUDGET |
First Insurance01/22
$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