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2026-06-owner-update-checkin-approved.md

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2026-07-15 - Financial Reconciliation Correction: - The prior listing's **-$40,484.52 "ECO Operating Cash"** was not a bank balance. It was the cumulative raw ECO GL sum and mixed operating activity, accrued payables, mortgage settlements, owner capital, and transfers. - June 2026 revenue is **$25,653.31**, operating expenses are **-$15,434.20**, and net operating cash flow after the $2,875 mortgage interest expense is **$7,344.11**. - Every completed month from July 2025 through June 2026 cl

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## 2026-07-15

- Financial Reconciliation Correction:
  - The prior listing's **-$40,484.52 "ECO Operating Cash"** was not a bank balance. It was the cumulative raw ECO GL sum and mixed operating activity, accrued payables, mortgage settlements, owner capital, and transfers.
  - June 2026 revenue is **$25,653.31**, operating expenses are **-$15,434.20**, and net operating cash flow after the $2,875 mortgage interest expense is **$7,344.11**.
  - Every completed month from July 2025 through June 2026 closes to **$0.00** after the correction. June 30 retained earnings are **$1,326.83** and ECO operating principal is **$0.00**.
  - Baselane bank cash is **$36,981.50** before required transfers of **$13,071.60 to ECO Systems LLC** and **$63.74 to Heron**. Projected cash after those transfers is **$23,846.16**.
  - The projected bank cash is not distributable cash. Remaining listed tax, insurance, and legal liabilities total **$46,317.31**, which is **$22,471.15 more than projected post-transfer bank cash**.
  - Noah mortgage interest payable is **$0.00**. July and August 2025 interest was already withheld from the NOCF remittance and must not be accrued again.
  - July 2026 is still open at **-$3,684.28** in ECO GL Column E.