FINANCIALS.md

# Financials

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## 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 `2025-08-25`. Earlier rows are excluded from this DAO's GL.

- ECO GL Column E accounting position: **$1,147.95**.
- Open accrual requirement: **$23,324.20** (legal dao payable $687.50, pm payable $2,607.92, wesley component flood insurance $1,228.64, wesley component interest $9,435.51, wesley component principal $1,420.56, wesley component taxes insurance $7,944.07, wesley mortgage payable $20,028.78).
- Other accounts payable / receivable: **$5,608.22 AP** and **$754.86 AR**.
- Live unrestricted DAO bank cash: **$8,915.67**.
- Restricted cash excluded from ordinary funding: **$0.00**.
- Bank funding gap after net AR/AP: **$19,261.89 underfunded**; surplus **$0.00**.
- 2026 retained-capital model: retained $2,216.82; ECO principal/interest debt $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 Wesley Babcock: $20,028.78 (funding required before full transfer)
  - Pay ECO Systems LLC: $7,730.71 (funding required before full transfer)
  - Pay Heron LFTY0314 DAO LLC: $1,172.93 (funding required before full transfer)
  - Receive from Goose LFTY0320 DAO LLC: $451.50
  - Receive from Strawberry LFTY402 DAO LLC: $97.57
  - Receive from Kiwi LFTY400 DAO LLC: $80.00
  - Receive from Lofty Holding 15555 Millard Avenue DAO LLC: $70.00
  - Receive from Snow Leopard LFTY0439 DAO LLC: $55.79

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.
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## Cash Flow Snapshot (2026-06)

| Metric | Amount |
|---|---:|
| Revenue | $0.00 |
| Operating Expenses | $0.00 |
| NOI | $0.00 |
| Net Operating Cashflow | $0.00 |

## Monthly Cash Position (2026-06)

Amounts are shown as of 2026-06. ECO Operating Cash is the complete DAO-attributed ECO Systems GL Column E balance through the as-of month, including accruals; it is not limited to ECO Systems LLC bank cash.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | $161.12 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | $1,147.95 | ECO Systems General Ledger Column E (524 rows) |

## Source Evidence

| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `[local-path]/Users/digit/Dropbox/Real Estate/NY/84 Madison Ave Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 84 Madison Ave.csv` |
| Source-month dated rows | 0 |
| Revenue bucket count | 0 |
| Operating expense bucket count | 0 |
| ECO GL Column E rows | 524 |
| ECO GL Column E sum | $1,147.95 |