FINANCIALS.md

# Financials

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## Accrual Funding Reconciliation (2026-07-15)

The ECO GL begins `2024-11-01`, the first day of the month before the first token sale on `2024-12-06`. Earlier rows are excluded from this DAO's GL.

- ECO GL Column E accounting position: **$92.44**.
- Open accrual requirement: **$20,245.23** (escrow reserve $10,045.56, legal dao payable $750.00, pm payable $9,449.67).
- Other accounts payable / receivable: **$1,411.79 AP** and **$3,249.43 AR**.
- Live unrestricted DAO bank cash: **$2,725.85**.
- Restricted cash excluded from ordinary funding: **$0.00**.
- Bank funding gap after net AR/AP: **$15,681.74 underfunded**; surplus **$0.00**.
- 2026 retained-capital model: retained $0.00; ECO principal/interest debt $8,769.59.

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 ECO Systems LLC: $7,596.43 (funding required before full transfer)
  - Pay Heron LFTY0314 DAO LLC: $1,356.00 (funding required before full transfer)
  - Receive from Strawberry LFTY402 DAO LLC: $431.91
  - Receive from Earl Co (personal Chase checking ...0000): $214.28
  - Pay Lychee LFTY0431 DAO LLC: $55.79 (funding required before full transfer)

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 | $4,969.72 |
| Operating Expenses | -$3,263.33 |
| NOI | $1,706.39 |
| Net Operating Cashflow | $1,432.53 |

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | $1,585.05 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | $92.44 | ECO Systems General Ledger Column E (998 rows) |

## Source Evidence

| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `[local-path]/Users/digit/Dropbox/Real Estate/NY/86 Madison Ave Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 86 Madison Ave.csv` |
| Source-month dated rows | 30 |
| Revenue bucket count | 1 |
| Operating expense bucket count | 5 |
| ECO GL Column E rows | 998 |
| ECO GL Column E sum | $92.44 |