Believe it or not, it is almost time for cooperatives, homeowner and condominium associations to produce their year-end financial reports.
Every c0operative, homeowner and condo association must produce a year-end financial report of some kind within the state of Florida. The type of financial report required depends on the annual revenues and/ or the size (i.e., number of units) of the association.
•Florida Chapter 718.111 – Condominium Act
•Florida Chapter 719.104 – Cooperatives Act
•Florida Chapter 720.303 – Homeowners’ Association Act
Board Members and Community Association Managers (CAMs) are required by Florida Law to comply with timely financial reporting and show how the association’s accounts are being maintained.
If you’d a quote from us, simply contact Andrew Brody at 305-728-5109, Canner Brody and Yan CPAs. We’ve operated in the Miami area for over 65 years and have a concentration in real estate accounting. We’ve been providing audits for condominiums and homeowner associations for decades.