MONTHLY RECONCILIATION REPORT
June 2025 - All HOA Accounts
Operating (5129)Reserves (7011)40-Year Special (5872)
🚨 FLORIDA STATUTE VIOLATIONS DETECTED
40,818.92 in unauthorized transfers between accounts
5129 → 5872: $35,398.42
Large unauthorized from operating
5129 → 5872: $3,060.5
Unauthorized from operating
5129 → 5872: $1,270
Unauthorized from operating
Beginning
$52,295.97
Ending
$33,887.93
Net Change
$18,408.04
⚠️ 5 fund mixing violations
Current Balance
$14,316.99
Required Min
$75,000
Shortfall
-$60,683.01
🚨 81% underfunded
Project Balance
$31,406.58
Improper Transfers
5
Fund Purity
COMPROMISED
❌ Mixed with operating funds
MONTHLY BUDGET
$14,779.09
ACTUAL EXPENSES
$52,603.5
VARIANCE
+$37,824.41
% VARIANCE
+256%
| CATEGORY | BUDGET | ACTUAL | VARIANCE | STATUS |
|---|---|---|---|---|
| Insurance | $7,131.59 | $6,053.06 | $1,078.53 | UNDER BUDGET |
| Professional Fees | $1,703.67 | $700 | $1,003.67 | UNDER BUDGET |
| Utilities | $2,586 | $3,239.62 | +$653.62 | OVER BUDGET |
| Maintenance | $2,770 | $855.82 | $1,914.18 | UNDER BUDGET |
First Insurance06/22
$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