← 9 Country Club Ln N, Briarcliff Manor, NY 10510 · All properties

2026-06-FINANCIALS-approved.md

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

Text Preview

# Financials

## Cash Flow Snapshot (2026-06)

| Metric | Amount |
|---|---:|
| Revenue | $25,653.31 |
| Operating Expenses | -$15,434.20 |
| NOI | $10,219.11 |
| Debt Service | -$2,875.00 |
| Net Operating Cashflow | $7,344.11 |

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals and open transfer/reconciliation rows.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | $3,108.19 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | -$3,684.28 | ECO Systems General Ledger Column E (245 rows) |

## Reconciled Position

These measures are intentionally separate. The ECO GL balance is not bank cash, and projected bank cash is not retained earnings or distributable cash.

| Metric | Amount | As of |
|---|---:|---|
| Baselane bank cash before manual transfers | $36,981.50 | July 15, 2026 |
| ECO and Heron transfers still required | -$13,135.34 | July 15, 2026 |
| Projected bank cash after those transfers | $23,846.16 | July 15, 2026 |
| ECO GL Column E | $0.00 | June 30, 2026 close |
| Retained earnings | $1,326.83 | June 30, 2026 close |
| ECO operating principal | $0.00 | June 30, 2026 close |
| ECO GL Column E | -$3,684.28 | July 2026 open month |
| Noah mortgage interest payable | $0.00 | July 15, 2026 |
| Liabilities remaining after both transfers | -$46,317.31 | July 15, 2026 |

The $23,846.16 projected bank balance is not free or distributable cash. It is $22,471.15 below the listed liabilities that would remain after the transfers, before considering payment timing, restricted reserves, or later July activity.

## Why The Prior Listing Showed -$40,484.52

The prior listing labeled the cumulative ECO GL Column E sum as "ECO Operating Cash." It mixed operating activity, accrual liabilities, mortgage settlement activity, owner capital, and transfers.

| Reconciliation step | Change | Running ECO GL |
|---|---:|---:|
| Prior listing balance | | -$40,484.52 |
| PM/tax settlements, mortgage schedule matching, and duplicate June insurance correction | $4,547.95 | -$35,936.57 |
| Delete four invalid pre-July 2025 accruals and remove July/August interest already withheld from NOCF | $13,465.42 | -$22,471.15 |
| Recognize seven mortgage-interest payments made by Noah from September 2025 through March 2026 | $20,125.00 | -$2,346.15 |
| Monthly retained-earnings, ECO-principal, and transfer close entries | -$1,338.13 | **-$3,684.28** |

The $10,102 Stone Manor remittance was also corrected from Transfers to Short Term Rents. That correction changed the income-statement and monthly-capital treatment but did not change the raw cumulative dollar sum.

## Verification

- Launch date: August 15, 2025.
- Approved accounting start: July 2025.
- Every completed month from July 2025 through June 2026 closes to $0.00.
- July 2026 remains open.
- Current property GL: 245 assigned Baselane rows with no active pre-July 2025 entries.
- July and August 2025 mortgage-interest accrual and Noah-advance rows net to zero in Column E but are excluded from the payable and cash-transfer schedule; their upstream Baselane void is pending reauthentication.
- Full reconciliation: `07 - P&L & Owner Statements/Reconciliation Report - 2026-07-15 - 9 Country Club Ln N.md`.