Annual financial reporting
The association must prepare and complete a year-end financial report within 90 days after the fiscal year end (or the date in the bylaws). The report type is set by total annual revenue: under $150,000 = cash receipts and expenditures report; $150,000-$300,000 = compiled statements; $300,000-$500,000 = reviewed statements; $500,000+ = audited statements. The completed report must be distributed to unit owners within 21 days after it is completed, and no later than 180 days after fiscal year end.
What to keep on file
- Completed financial report
- CPA engagement letter (if compiled/reviewed/audited)
- Proof of distribution to owners with date
The exact date depends on your association's facts, such as your building age, unit count, and board dates. Run the free assessment to see when this is due for your board, with the proof to keep.
When to bring in a professional
Ask your CPA experienced with community associations: Given our total annual revenue, which report type do we owe and by what date?
General information, not legal advice. Confirm with association counsel.
Answers at a glance
Who does the annual financial reporting requirement apply to?
All associations, within 90 days after fiscal year end. The association must prepare and complete a year-end financial report within 90 days after the fiscal year end (or the date in the bylaws).
When is the annual financial reporting due?
The exact date depends on your association's facts, such as your building's age, unit count, and key board dates. Run the free assessment to see the exact date for your board, with the proof to keep.
What should our board keep on file for the annual financial reporting?
Keep Completed financial report, CPA engagement letter (if compiled/reviewed/audited), and Proof of distribution to owners with date. HOACompliant stores each in one binder, ready for a records request or a fine hearing.
Which Florida statute governs the annual financial reporting?
Fla. Stat. 718.111(13). We last verified this against the primary statute on 2026-07-22.
Should our board involve a professional?
Ask your CPA experienced with community associations: Given our total annual revenue, which report type do we owe and by what date?
Does HOACompliant file this or confirm our board is compliant?
No. HOACompliant is record-keeping: it tracks what is due, when, and the proof to keep, each obligation cited to the governing Florida statute. It never files anything on a board's behalf, never states that a board is or is not compliant, and is not legal advice.
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