FL S1746

Increases financial reporting thresholds for condominiums: compiled statements required for revenues of $125,000-$199,999 (previously $100,000-$199,999), reviewed statements for $250,000-$399,999 (previously $200,000-$399,999), and audited statements for $500,000+ (previously $400,000+).

Lowers the unit threshold for cash receipts reporting from 75 units to 50 units for condominiums, requiring smaller associations to prepare simplified cash reports regardless of revenues.

Extends the financial reporting deadline for cooperatives from 60 days to 90 days following the fiscal year end and removes the exemption for cooperatives with 50 or fewer units.

Removes the provision allowing HOAs in communities with fewer than 50 parcels to prepare simplified cash receipts reports, standardizing reporting requirements based on revenue thresholds only.

Effective July 1, 2013.