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2026-06-owner-update-approved.md

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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 now closes t

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## 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 now closes to **$0.00**. 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**, **$63.74 to Heron**, and **$5,750.00 to Noah Simon**. Projected cash after transfers is **$18,096.16**.
  - Projected bank cash is not distributable. Remaining tax, insurance, and legal liabilities total **$46,317.31**, **$28,221.15 above projected post-transfer bank cash**.
  - The Noah payment is two months of ordinary DAO mortgage interest payable. It does not require governance.
  - July 2026 is still open at **-$3,684.28** in ECO GL Column E.