MONTHLY RECONCILIATION REPORT
March 2025 - All HOA Accounts
Operating (5129)Reserves (7011)40-Year Special (5872)
🚨 FLORIDA STATUTE VIOLATIONS DETECTED
63,863.48 in unauthorized transfers between accounts
5129 → 5872: $18,323.62
Large unauthorized transfer from operating
5129 → 5872: $14,830.79
Large unauthorized transfer from operating
5129 → 5872: $13,503
Large unauthorized transfer from operating
Beginning
$55,377.7
Ending
$44,695.08
Net Change
$10,682.62
⚠️ 6 fund mixing violations
Current Balance
$13,375.52
Required Min
$75,000
Shortfall
-$61,624.48
🚨 82% underfunded
Project Balance
$23,076.98
Improper Transfers
6
Fund Purity
COMPROMISED
❌ Mixed with operating funds
MONTHLY BUDGET
$14,779.09
ACTUAL EXPENSES
$79,223.66
VARIANCE
+$64,444.57
% VARIANCE
+436%
| 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 | $3,898.19 | +$1,312.19 | OVER BUDGET |
| Maintenance | $2,770 | $4,566.82 | +$1,796.82 | OVER BUDGET |
First Insurance03/24
$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