Summary
The June 2026 financial report was included in the July 16, 2026 board packet (prepared July 14, 2026). It consists of a Balance Sheet (Operating, as of 6/30/2026), an Income Statement — Operating, and an Income Statement — Reserve, both covering the period through June 30, 2026. This is the second confirmed post-reserve-study balance sheet, following the March 2026 report (financial-report-2026-03).
Key Provisions
Balance Sheet Highlights (as of June 30, 2026)
| Account | Balance |
|---|---|
| Operating Checking | $155,020.28 |
| Total Reserves (Money Market + 2 CDs) | $269,698.46 |
| Replacement Reserve Equity | $230,975.31 |
| Accounts Receivable (gross) | $23,186.96 |
| Allowance for Bad Debt | ($4,000.00) |
| Cost Share Receivable (outstanding) | ($5,299.00) |
| Prepaid Insurance | $2,774.50 |
| Total Assets | $440,413.67 |
| Total Equity | $377,698.43 |
| YTD Net Income Gain/Loss | $59,778.72 |
Income Statement — YTD through June 30, 2026
YTD combined net income of $59,778.72 continues the expected seasonal decline from the Q1 figure ($71,806.80 per financial-report-2026-03) as operating expenses accrue through the year — consistent with the pattern in every prior year in the ingested record (assessments front-loaded early in the year, expenses spread across all twelve months).
Notable YTD expense lines: Management Contract $7,883.94 (of $15,872 annual budget — on pace); Legal Fees – Owner $3,001.77 (fully offset by an identical $3,001.77 Legal Chargeback income line — continuing the self-financing collections pattern documented in year-end-report-2025); Reserve — Reserve Study expense $2,200.00 (full contract amount now paid, per the $2,200 Reserve Advisors engagement approved January 2026).
Reserve Income
YTD Reserve Interest Income: $1,580.62. Total Reserve Funding YTD (contribution + interest): $9,379.62 against a $7,799 annual reserve contribution budget.
Topics Covered
hoa-annual-finances, reserve-study-findings, assessment-collection-policy
Notable Details
- Total Reserves ($269,698.46) are essentially flat from the March 2026 figure ($270,599.93) — the $2,200 reserve study expense roughly offsets interest income and contributions accrued in the interim.
- Total Assets ($440,413.67) is the highest confirmed figure in the ingested record, continuing steady growth from the 2025 year-end total ($394,107.89).
- Cost Share Receivable remains unchanged at ($5,299.00), matching the balance first confirmed in the March 2026 report — commercial cost-share parties have not paid down this balance in the intervening quarter.