COMPLIANCE OBLIGATION
Annual budget meeting notice
- Statute
- §718.112(2)(e)
- Notice
- ≥ 14 days prior
- Send by
- Sep 30, 2026
Overdue by 4 days
On this page (0 sections)
§720.303 · Florida Statutes
Florida §720.303 — HOA association powers, records, meetings, financial reporting
Section 720.303 sets the records every Florida homeowners association must keep, the clocks for board and budget meetings, and the audit/review/compilation tier the association owes its members each year.
Last reviewed 2026-05-14 · Read on flsenate.gov ↗
What the statute requires
Obligations
Maintain the enumerated records — plans and permits for common areas, bylaws, articles, declaration of covenants, current rules, board and member minutes, member roster with mailing addresses and parcel IDs, insurance policies, contracts, accounting records, the disclosure summary, ballots and proxies, and director acknowledgments.
§720.303(4)(a)
Make official records available to a written request within 10 business days of receipt by the board.
§720.303(5)(a) · within 10 business days
Post notice of every regular board meeting at least 48 hours in advance, or mail notice at least 7 days in advance, specifically identifying every agenda item; communities of 100+ members may use alternative methods.
§720.303(2)(c)1 · at least 48 hours posted / 7 days mailed
For a meeting at which special assessments will be considered, mail, deliver, or electronically transmit written notice not less than 14 days before the meeting.
§720.303(2)(c)2 · at least 14 days before
Directors may not vote by proxy; secret ballots may be used for elections of officers.
§720.303(2)(c)3
Complete annual financial reporting within 90 days after fiscal year-end and provide it to members within 21 days of completion — never later than 120 days after the year ends.
§720.303(7) · within 90 days fiscal year-end, then 21 days to members
Match the report tier to revenue: under $150,000 → cash receipts and expenditures; $150,000–$299,999 → compiled statements; $300,000–$499,999 → reviewed statements; $500,000+ or 1,000+ parcels → audited statements.
§720.303(7)
Consequences of non-compliance
Penalties
Willful denial of records access carries a minimum of $50 per day in damages, up to 10 days, recoverable by the requesting member.
§720.303(5)(c)
A director or manager who knowingly, willfully, and repeatedly (two or more violations within 12 months) blocks records access commits a second-degree misdemeanor.
§720.303(5)(d)
Knowingly defacing or destroying accounting records is a first-degree misdemeanor.
§720.303(5)(e)
Willfully refusing to produce records to evade prosecution is a third-degree felony.
§720.303(5)(f)
We are not your lawyer. Nothing on this page is legal advice.
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