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FINANCIALS.md

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Financials <!-- 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: **$64,866.38** (insurance reserve $7,129.64, legal dao payable $750.00, noah interest payable $5,750.00, pm payable $12,799.07, tax reserve $38,437.67). - Other ac

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# Financials

<!-- 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: **$64,866.38** (insurance reserve $7,129.64, legal dao payable $750.00, noah interest payable $5,750.00, pm payable $12,799.07, tax reserve $38,437.67).
- 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: **$28,221.15 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: $13,821.60 (funding required before full transfer)
  - Pay Noah Simon: $5,750.00 (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 -->
## Cash Flow Snapshot (2026-06)

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

## 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, Heron, and Noah transfers still required | -$18,885.34 | July 15, 2026 |
| Projected bank cash after those transfers | $18,096.16 | 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 before transfer | -$5,750.00 | July 15, 2026 |
| Liabilities remaining after all three transfers | -$46,317.31 | July 15, 2026 |

The $18,096.16 projected bank balance is not free or distributable cash. It is $28,221.15 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 | $7,715.42 | -$28,221.15 |
| Recognize nine mortgage-interest payments made by Noah | $25,875.00 | -$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.
- Full reconciliation: `07 - P&L & Owner Statements/Reconciliation Report - 2026-07-15 - 9 Country Club Ln N.md`.