Financial reporting
- Statute:
- Florida §719.115 · Chapter 719 (Cooperative Act)
- Topic:
- Assessments & Finance · Financial reporting
- Applies to:
- Coop associations
Requires annual financial reports with level depending on revenue thresholds.
📄 Read the official text at flsenate.gov →
How SoShiny helps with Financial reporting
SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge.
See the feature → Start freeFrequently asked
- What does Florida §719.115 require?
- Requires annual financial reports with level depending on revenue thresholds.
- Who does Florida §719.115 apply to?
- Florida §719.115 applies to Coop associations in Florida.
- What happens if our co-op doesn't comply with §719.115?
- Non-compliance with Florida Chapter 719 can result in disputes filed with the Florida Department of Business and Professional Regulation (DBPR), Division of Florida Condominiums, Timeshares, and Mobile Homes — and may expose individual board members to personal liability in some circumstances. SoShiny's audit trail and documented workflows are designed to demonstrate compliance.
- Where can I read the official text of Florida §719.115?
- The official text is published by the Florida Legislature at flsenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Financial reporting?
- SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge. Learn more →
Not legal advice. This page is a plain-English summary of Florida §719.115 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Florida-licensed attorney. For the official statutory text, see the link above.
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