MONTHLY RECONCILIATION REPORT
May 2025 - All HOA Accounts
Operating (5129)Reserves (7011)40-Year Special (5872)
🚨 FLORIDA STATUTE VIOLATIONS DETECTED
18,856.58 in unauthorized transfers between accounts
5129 → 5872: $7,000
Large unauthorized from operating
5129 → 5872: $2,852.71
Multiple unauthorized transfers
5129 → 5872: $2,700
Unauthorized from operating
Beginning
$52,295.97
Ending
$33,887.93
Net Change
$18,408.04
⚠️ 8 fund mixing violations
Current Balance
$13,498.99
Required Min
$75,000
Shortfall
-$61,501.01
🚨 82% underfunded
Project Balance
$46,132.97
Improper Transfers
6
Fund Purity
COMPROMISED
❌ Mixed with operating funds
MONTHLY BUDGET
$14,779.09
ACTUAL EXPENSES
$30,350.26
VARIANCE
+$15,571.17
% VARIANCE
+105%
| CATEGORY | BUDGET | ACTUAL | VARIANCE | STATUS |
|---|---|---|---|---|
| Insurance | $7,131.59 | $6,053.06 | $1,078.53 | UNDER BUDGET |
| Professional Fees | $1,703.67 | $960 | $743.67 | UNDER BUDGET |
| Utilities | $2,586 | $351.24 | $2,234.76 | UNDER BUDGET |
| Maintenance | $2,770 | $8,310 | +$5,540 | OVER BUDGET |
First Insurance05/22
$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