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Reconciliation Report - 2026-07-15 - 9 Country Club Ln N.md

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9 Country Club Ln N Reconciliation **Audit date:** July 15, 2026 **Closed-period cutoff:** June 30, 2026 **Baselane property ID:** `91341` **DAO:** Zebra LFTY0476 DAO LLC **Launch date:** August 15, 2025 **Approved accounting start:** July 2025 ## Final Conclusion The prior negative ECO GL was not current bank cash. It mixed cash, operating results, accountless liabilities, transfers, and duplicate accrual/payment treatment. After excluding July and August 2025 interest that Noah already withh

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# 9 Country Club Ln N Reconciliation

**Audit date:** July 15, 2026  
**Closed-period cutoff:** June 30, 2026  
**Baselane property ID:** `91341`  
**DAO:** Zebra LFTY0476 DAO LLC  
**Launch date:** August 15, 2025  
**Approved accounting start:** July 2025

## Final Conclusion

The prior negative ECO GL was not current bank cash. It mixed cash, operating results, accountless liabilities, transfers, and duplicate accrual/payment treatment.

After excluding July and August 2025 interest that Noah already withheld from the NOCF remittance and applying the same monthly capital waterfall used for 84 Madison:

| Cutoff | Baselane ECO GL Column E | Retained earnings | ECO operating principal | Noah interest payable |
|---|---:|---:|---:|---:|
| June 30, 2026 | **$0.00** | **$1,326.83** | **$0.00** | **$0.00** |
| July 15, 2026 open month | **$(3,684.28)** | Not closed | Not closed | **$0.00** |

Every completed month from July 2025 through June 2026 now sums to exactly $0.00 in live Baselane. July remains open and must be closed after month-end.

## Upstream Baselane Corrections

- Deleted four pre-July accruals dated June 28, 2025: taxes $3,225.01, insurance $1,552.91, DAO/legal $62.50, and mortgage interest $2,875.00. Total deleted: **$7,715.42**.
- Changed the durable 9CC launch metadata to August 15, 2025 while preserving the user-directed July 2025 accounting start.
- Retagged the October 16, 2025 **$10,102.00** Stone Manor wire from Transfers to Short Term Rents because it was the August/September net operating cash-flow remittance.
- Seven $2,875 accounting-only payable recognitions remain for mortgage interest paid by Noah Simon from September 2025 through March 2026.
- The July and August 2025 interest accrual and Noah-advance rows are excluded because those amounts were already withheld from the NOCF remittance. Their four upstream Baselane rows are queued for voiding once the live browser is reauthenticated.
- Added the monthly retained-earnings, ECO-principal, and transfer-clearing entries required to close July 2025 through June 2026.
- Preserved the September 2025 through July 2026 UBS interest-only schedule and the cash-settlement offsets for DAO payments and reimbursements.
- Preserved prior PM settlement, tax settlement, insurance, mortgage split, and NBT verification-transfer corrections.

## Capital Waterfall

- Monthly profit first repays ECO principal and then becomes retained earnings.
- Monthly loss first consumes retained earnings; only the uncovered amount becomes ECO principal.
- Transfers are cleared separately and are not treated as operating income or expense.
- Mortgage-interest obligations paid by Noah are matched by payable-recognition entries and are not assigned to ECO.
- The resulting June 30 position is **$1,326.83 retained earnings and $0.00 ECO principal**.

## Noah Simon Interest Payable

The UBS statements identify Noah Simon as borrower for account ending 3789. Baselane records show:

| Item | Amount |
|---|---:|
| Seven mortgage-interest payments made by Noah at $2,875 | $20,125.00 |
| Seven reimbursements to Stone Manor / Noah at $2,875 | $(20,125.00) |
| **Outstanding mortgage interest payable to Noah** | **$0.00** |
| Months outstanding | **0** |

No cash transfer to Noah is required. The seven valid September 2025 through March 2026 obligations are fully matched by seven reimbursements.

## Open Accrual Liabilities

These liabilities are separate from the monthly capital close and are not all payable to ECO or Noah.

| Liability | Amount | Treatment |
|---|---:|---|
| Property taxes | $38,437.67 | Reserve/payable; do not transfer to ECO without evidence ECO paid it |
| PM fees payable to ECO | $12,799.07 | ECO claim; cash-transfer eligible |
| Insurance | $7,129.64 | Confirm insurer or outside payer before transfer |
| DAO/legal fee | $750.00 | Confirm recipient |
| **Total** | **$59,116.38** | |

## Manual Cash Transfers

The capital close entries are accounting-only and did not move bank cash. The following intercompany transfers remain required:

| From | To | Amount | Basis |
|---|---|---:|---|
| Zebra LFTY0476 DAO LLC | ECO Systems LLC | **$13,071.60** | $12,799.07 unpaid PM fees + $168.70 ECO-paid property expenses + $103.83 ECO-designated cash held in Zebra |
| Zebra LFTY0476 DAO LLC | Heron LFTY0314 DAO LLC | **$63.74** | 9 Country Club expenses paid from Heron's bank account |

Current Zebra bank cash remains $36,981.50: $1,868.72 Operations plus $35,112.78 Reserves. After both transfers above, Zebra would retain **$23,846.16**.

## Governance Conclusion

- No governance proposal or cash transfer is required for Noah because the corrected interest payable is $0.00.
- The previously prepared Zebra and EARLDAO draft proposals were withdrawn as inapplicable.
- No governance proposal is required for ECO debt conversion at this cutoff because ECO operating principal is $0.00.

## Source Files

- `Cash Flow Statement - 9 Country Club Ln N, Briarcliff Manor, NY 10510.xlsx`
- `ECO Systems General Ledger - 9 Country Club Ln N.csv`
- UBS mortgage statements in `04 - Loan Documents`
- `reports/baselane_9_country_club_capital_close.json`
- `reports/9_country_club_workbook_close_update.json`