When is a Florida condo annual financial report due?

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 is a cash receipts and expenditures report; $150,000-$300,000 is compiled statements; $300,000-$500,000 is reviewed statements; and $500,000 or more is audited statements. The completed report must be distributed to unit owners within 21 days after completion 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

Source

Read the related obligation

General information, not legal advice. Confirm with association counsel.