financial flickr courtesy of www.SeniorLiving.orgThis question comes up a lot from our association clients. The short answer to the question is “yes.”

When are they due?

Under Florida law, community associations are required to provide owners with an end-of-year financial report. Specifically, within 90 days after the end of the fiscal year, or annually, as provided for in the bylaws, the association shall prepare and complete a financial report for the preceding fiscal year. The financial report must be mailed or hand delivered to the address last provided to the association, upon written request from an owner.

Are formal audits required?


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