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Property9 Country Club Ln N, Briarcliff Manor, NY 10510
FolderREADME & Property Snapshot
KindText
Updated2026-07-16
Dropbox path00 - README & Property Snapshot/UPDATES.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 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.

## 2026-07-15



- Property Update (07/15/2026):
- Financial Reconciliation Correction:
  - The prior **-$40,484.52 "ECO Operating Cash"** listing value was not a bank balance; it mixed operating activity, accruals, 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 transfers is **$23,846.16**.
  - Projected bank cash is not distributable. Remaining tax, insurance, and legal liabilities total **$46,317.31**, **$22,471.15 above 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.

Financial summary:
- Lofty-held current maintenance reserve: $3,108.19
- ECO GL Column E sum: -$3,684.28 (245 rows)
- Property Update (07/15/2026):
- Financial Reconciliation Correction:
  - The prior **-$40,484.52 "ECO Operating Cash"** listing value was not a bank balance; it mixed operating activity, accruals, 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 transfers is **$23,846.16**.
  - Projected bank cash is not distributable. Remaining tax, insurance, and legal liabilities total **$46,317.31**, **$22,471.15 above 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.

Financial summary:
- Lofty-held current maintenance reserve: $3,108.19
- ECO GL Column E sum: -$3,684.28 (245 rows)
- 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.

<!-- NY_HI_ACCRUAL_RECONCILIATION_START -->
## Accrual Funding Reconciliation (2026-07-15)

The ECO GL begins `2025-07-01`, the first day of the month before the first token sale on `2025-08-15`. Earlier rows are excluded from this DAO's GL.

- ECO GL Column E accounting position: **-$3,684.28**.
- Open accrual requirement: **$59,116.38** (insurance reserve $7,129.64, legal dao payable $750.00, pm payable $12,799.07, tax reserve $38,437.67). Noah interest payable is **$0.00** because July and August 2025 interest was already withheld from the NOCF remittance.
- Other accounts payable / receivable: **$336.27 AP** and **$0.00 AR**.
- Live unrestricted DAO bank cash: **$36,981.50**.
- Restricted cash excluded from ordinary funding: **$0.00**.
- Bank funding gap after net AR/AP: **$22,471.15 underfunded**; surplus **$0.00**.

Column E is the accounting/CF-close position, not current bank cash. Month-end reset and capital-close rows remain in Column E but are non-cash and are excluded from every inter-DAO transfer and bank-underfunding calculation. A positive Column E balance therefore does not by itself mean the bank has enough cash to pay open accruals.

Current net cash schedule affecting this DAO:
  - Pay ECO Systems LLC: $13,071.60 (funding required before full transfer)
  - Pay Heron LFTY0314 DAO LLC: $63.74 (funding required before full transfer)

Taxes, insurance, and escrow accruals are reserve requirements rather than immediate external payment instructions. Transfers marked funding required should not be executed in full until the incoming reimbursements, reserve top-up, or approved financing is available.
<!-- NY_HI_ACCRUAL_RECONCILIATION_END -->
## 2026-07-15



- Property Update (07/15/2026):
- Owner-proposed Governance Results for 9 Country Club Ln N:
    - The governance results are back for the most recent governance vote.
    - The winning vote is:
    - Option A: Implement a 5-business-day timeline. Noah must supply all valid receipts within 5 business days of the vote's conclusion, or the reimbursement is forfeited.
    - This voting option received 54/58 votes and received 99.07% of the voting power. This is a co-ownership property, which means the governance mechanism used the [scaled governance calculations](https://loftyai.notion.site/Governance-Mechanism-For-Partial-Property-Sales-e74b184f52124e219c320bb61b2b89b8) as opposed to the default of 1 share equals 1 vote.
    - The voting results can be found on chain [here](https://allo.info/application/3637939224) or by searching the application ID: 3637939224
- Property Update (07/15/2026):
- Owner-proposed Governance Results for 9 Country Club Ln N:
    - The governance results are back for the most recent governance vote.
    - The winning vote is:
    - Option A: Implement a 5-business-day timeline. Noah must supply all valid receipts within 5 business days of the vote's conclusion, or the reimbursement is forfeited.
    - This voting option received 54/58 votes and received 99.07% of the voting power. This is a co-ownership property, which means the governance mechanism used the [scaled governance calculations](https://loftyai.notion.site/Governance-Mechanism-For-Partial-Property-Sales-e74b184f52124e219c320bb61b2b89b8) as opposed to the default of 1 share equals 1 vote.
    - The voting results can be found on chain [here](https://allo.info/application/3637939224) or by searching the application ID: 3637939224
- 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 net operating cash flow is **$7,344.11**.
  - June 30 retained earnings are **$1,326.83** and ECO operating principal is **$0.00**.
  - Baselane bank cash is **$36,981.50** before **$13,135.34** of required ECO and Heron transfers; projected post-transfer bank cash is **$23,846.16**.
  - That projected cash is not distributable: listed tax, insurance, and legal liabilities remaining after both transfers total **$46,317.31**.
  - Noah mortgage interest payable is **$0.00** because July and August 2025 interest was already withheld from the NOCF remittance.
  - July 2026 remains open at **-$3,684.28** in ECO GL Column E.

## 2026-07-14


- Property Update (07/14/2026):
This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: $24,100.40
Operating Expenses: -$15,434.20
NOI: $8,666.20
Net Operating Cashflow: -$2,833.80

## 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.

Lofty Operating Cash: $3,108.19 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$40,484.52 (ECO Systems General Ledger Column E (198 rows))

Financial summary:
- Lofty-held current maintenance reserve: $3,108.19
- ECO GL Column E sum: -$40,484.52 (198 rows)
- Property Update (07/14/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: $24,100.40
Operating Expenses: -$15,434.20
NOI: $8,666.20
Net Operating Cashflow: -$2,833.80

## 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.

Lofty Operating Cash: $3,108.19 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$40,484.52 (ECO Systems General Ledger Column E (198 rows))

# Property Updates

## 2026-07-09

- Property Update (07/09/2026):
- Owner-Proposed Governance Vote for 9 Country Club Ln N:
    - Historical notice: this receipt-submission vote is unrelated to mortgage interest. The corrected mortgage-interest payable to Noah is $0.00 because July and August 2025 interest was already withheld from the NOCF remittance.
    - An Owner with the following [wallet address](https://allo.info/account/QVFBHWGZVKIJXBKOYHWL6UQ6CD2Z6YQMV7H5KOE7CNG25GIM2PSVZONOVE) is proposing a governance vote.
    - This owner holds 100 shares in this property.
    - The owner's reasoning is below, word-for-word:
    - *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
    - Governance Proposal: Resolution of Outstanding Reimbursements for The DAO's Co-Owner
    - Context A DAO co-owner (Noah) is owed for several it