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2026-07-14 - Retained Earnings and Yield Restart Proposal - 724 3rd Ave, Watervliet, NY 12189.md

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Description

# 724 3rd Ave DAO Governance Proposal - Reconciled Retained Earnings and Yield Restart **Property:** 724 3rd Ave, Watervliet, NY 12189 **Lofty asset:** LFTY0403 / ASA 1784381997 **Calculation date:** July 14, 2026 **Status:** Draft for property-DAO review and vote ## Purpose Approve the reconciled 2026 retained-earnings balance, confirm that no ECO Systems principal remains outstanding as of the cutoff, and authorize yield distributions to resume from future distributable cash after ordinary pro

Extracted Content

# 724 3rd Ave DAO Governance Proposal - Reconciled Retained Earnings and Yield Restart **Property:** 724 3rd Ave, Watervliet, NY 12189 **Lofty asset:** LFTY0403 / ASA 1784381997 **Calculation date:** July 14, 2026 **Status:** Draft for property-DAO review and vote ## Purpose Approve the reconciled 2026 retained-earnings balance, confirm that no ECO Systems principal remains outstanding as of the cutoff, and authorize yield distributions to resume from future distributable cash after ordinary property obligations and the approved operating reserve are funded. ## Reconciled Position | Metric | Amount / Value | |---|---:| | Reconciliation cutoff | 2026-07-14 | | Accounting retained earnings; no approved interest | $14.93 | | Accounting ECO principal | $0.00 | | Hypothetical retroactive 12% carrying charge | $0.22 | | Retained earnings after hypothetical charge | $14.71 | | Equity or EARLDAO conversion required now | No | The 12% amount is a counterfactual only. No governance approval or executed EARLDAO note currently authorizes a retroactive carrying charge. The accounting balance therefore remains $14.93 unless voters expressly choose the interest-adjusted option. ## Accounting Basi