Summary
The March 2026 financial report was included in the May 7, 2026 board packet. It consists of a Balance Sheet, an Income Statement (YTD through March 31, 2026), and a Cash Disbursements detail log. This is the first ingested source providing a confirmed reserve fund balance (not an estimate derived from interest yield). The report covers January 1 – March 31, 2026 only; full-year 2026 figures are not yet available.
Key Provisions
Balance Sheet Highlights (as of March 31, 2026)
| Account | Balance |
|---|---|
| Operating Checking | $160,625.60 |
| Total Reserves (all accounts) | $270,599.93 |
| Replacement Reserve Equity | $230,975.31 |
| Cost Share Receivable (outstanding) | ($5,299.00) |
| YTD Net Income | $71,806.80 |
Reserve Account Detail
The total reserve balance of $270,599.93 encompasses multiple accounts. The replacement reserve equity of $230,975.31 is the primary capital reserve intended to fund major common area repairs per the reserve study schedule. The remainder reflects operating reserve or other designated funds.
Income Statement — YTD Q1 2026
Q1 2026 shows a strong YTD net income of $71,806.80, primarily driven by annual assessment collection at the start of the year. This figure is not annualized and will narrow as operating expenses accrue through the year.
Reserve Study Retainer
A $1,100 payment to Reserve Advisors appears in the Q1 2026 disbursements — likely the first installment of the $2,200 reserve study contract approved January 2026.
Cost Share Receivable
The ($5,299.00) cost share receivable remains outstanding as of March 31, 2026. This represents amounts billed to cost-share parties (commercial entities on the shared wetlands property) that have not yet been collected. Source: cost-share-arrangement.
Topics Covered
hoa-annual-finances, assessment-structure, cost-share-arrangement, reserve-study-findings
Notable Details
- This report provides the first confirmed reserve balance figure from a balance sheet: $270,599.93 total reserves as of March 31, 2026. The 2025 Year End Report year-end-report-2025 provided only an estimated range of $185,000–$195,000 derived from interest yield.
- The confirmed balance significantly exceeds the 2025 estimate, likely reflecting CDs maturing and being reinvested, plus the 2025 reserve contribution and interest income.
- The cost share receivable of ($5,299) confirms that cost-share billing has occurred but not all parties have paid as of March 31, 2026.