Does an HOA have to provide a year-end financial report?
Reviewed by the OurHOA team · Updated June 2026
Whether your HOA must prepare an annual year-end financial report, what level of review the law requires by revenue, when it's due, and how to get a copy if the board won't share one.
The short answer
In most states a community association has to produce some form of year-end financial report - a backward-looking statement of what it actually collected and spent during the fiscal year - and make it available to owners. This is different from the budget, which looks forward at the coming year. The year-end report shows whether the money was handled the way the budget promised. How formal that report must be, and how soon after the fiscal year it has to be ready, depend on your state and on your governing documents. Even where no statute spells it out, sound bookkeeping and the board's basic fiduciary duty mean owners are entitled to see how their dues were spent.
What the law often requires - and it scales with size
Several states tie the required level of reporting to how much money the association handles. Florida is the clearest example: under Florida Statutes section 720.303(7), an HOA must prepare a year-end financial report within 90 days after the fiscal year ends (or by the date set in the bylaws), and the type scales with total annual revenue - a report of cash receipts and expenditures for the smallest associations, then a compilation, then a reviewed statement, and an audit once revenue passes a higher threshold. California takes a different route: Civil Code section 5305 requires a review of the financial statement by a licensed accountant if the association's gross income exceeds $75,000 in a fiscal year, prepared within 120 days after the fiscal year closes. Other states impose their own annual-statement duties. The pattern is consistent: the bigger the budget, the more independent the year-end accounting has to be.
What's actually in a year-end report
A complete year-end financial report usually pairs a balance sheet (what the association owns and owes as of the close of the year, including the reserve and operating cash balances) with an income-and-expense statement (budgeted versus actual for each category, so owners can see where spending ran over or under). A good report also reconciles the reserve fund - how much went in, what was spent on major repairs, and the balance carried forward. If you receive one and the numbers are hard to follow, our guide on how to read HOA financials walks through the balance sheet, the budget-versus-actual statement, and the reserve figures line by line.
Getting it versus approving it - and the audit question
Receiving the year-end report does not mean owners vote to approve it; it is a transparency and accountability document, not a ballot. Owners sometimes confuse the year-end report with two related things. It is not the forward-looking budget disclosure - for your right to the proposed and adopted budget, see our guide on whether an HOA has to show you the budget. And it is not always a full audit: a review or a compilation is a lower (and cheaper) level of assurance than an audit, which is why many statutes only require an audit above a revenue threshold. Our guide on what an HOA audit or review is explains the difference and when each is worth the cost.
What to do if your board won't provide one
If your state requires a year-end report and you never see one, start by requesting it in writing - financial statements are generally part of the association records owners have a right to inspect, and most states put the board on a response clock. If the board still refuses, your options depend on where you live: an internal dispute-resolution process, a complaint to the state agency that oversees HOAs where one exists, or court as a last resort. Even where no statute prescribes a formal report, a board that flatly refuses to show owners how the year's money was spent is a serious red flag worth pressing through your records-inspection right.
How OurHOA helps
A year-end report is only useful if the underlying records are clean and owners can actually get to it. OurHOA gives a self-managed community one organized place to track income and expenses against the budget and the reserve through the year, so producing an accurate year-end statement - and sharing it with owners on time - isn't a scramble through a shoebox of receipts. That makes it far easier for a small volunteer board to meet its reporting duties without hiring a management company. OurHOA is software for keeping a community organized, not an accountant or a law firm; for the exact report level and deadline your state and governing documents require, check those sources and consult a CPA on your association's specifics.
OurHOA is the friendly, affordable way self-managed communities keep dues, records, and reminders in one place. See how it works.
These guides are general education for HOA boards and residents, not legal, tax, or financial advice. Rules vary by state and by your community's governing documents - check with a professional for your situation.