Florida community associations
Florida sets your reporting level by revenue. We do the work that satisfies it.
Audits, reviews, and compilations for homeowners associations and condominiums — delivered inside the statutory window, and paired with analysis your board can actually read.
Two rules that put associations back in the market every year
A waiver only lasts one year
Members can vote to prepare a lower level of report than the statute requires — but not for consecutive fiscal years. An association that voted its audit down last year has to do the full report this year. Boards routinely discover this after the deadline has already started running.
20% of owners can force a higher level
If 20 percent of parcel owners petition the board for a higher level of financial reporting, the association must notice and hold a members' meeting within 30 days. A majority vote there upgrades the engagement for that fiscal year — often on very little notice.
Both rules appear in Fla. Stat. § 720.303(7), and the same non-consecutive-waiver rule appears in the parallel condominium statute, Fla. Stat. § 718.111(13). Verified August 4, 2026.
What your association owes
Your required report is set by total annual revenue for the fiscal year — the same tiers apply to HOAs and condominiums:
| Total annual revenue | Required report |
|---|---|
| Under $150,000 | Report of cash receipts and expenditures |
| $150,000 to under $300,000 | Compiled financial statements |
| $300,000 to under $500,000 | Reviewed financial statements |
| $500,000 or more | Audited financial statements |
- 1,000 parcels or more: HOAs must prepare audited financial statements regardless of revenue (Fla. Stat. § 720.303(7)).
- Deadlines: the report must be completed within 90 days after the fiscal year ends. HOAs deliver to members no later than 120 days after year end; condominiums have a 180-day outer limit. For a December 31 HOA year end, that is March 31 and April 30.
A note on what you may have read. Several property-management and bookkeeping blogs published in 2026 claim Florida cut the mandatory audit threshold to $250,000 effective July 1, 2026. We checked the statute directly and found no such change — the threshold is still $500,000, and the section's most recent amendment is from the 2025 session. We will update this page if that changes. We would rather tell you that than sell you an engagement you do not owe.
Request a quote
Tell us your fiscal year end, total annual revenue, parcel count, and whether members voted to reduce the report level last year. That is enough for us to tell you what you owe and what it costs.