Did your Board fail to send out the annual Financial Statement?

The Financial Statement is the only way for current owners and prospective buyers to verify if a Board spent within their budget.

Any Association that collects $75,000+ in a year is required to issue a Financial Statement to the Membership.

The Financial Statement must be completed by an independent accounting firm and be distributed within 120 days following the end of your Association's fiscal year.

If you would like assistance analyzing your Financial Statement, we provide a complimentary review.

Resources:

Civil Code 5305