01

What Virginia requires of the books

From the statutes, as the legal corpus holds them. The verified date is the day the value was last read against the statute's own text.

RequirementValueStatuteVerified
CIC Manager Fidelity Coverage Floor $10,000 Va. Code §54.1-2346 (D) Jul 9, 2026
Condo Fidelity Coverage Floor $10,000 Va. Code §55.1-1963 (B) Jul 9, 2026
Condo Reserve Study Interval 5 years Va. Code §55.1-1965 (B)(1) Jul 9, 2026
POA Late-Fee Trigger 60 days Va. Code §55.1-1824 Jul 9, 2026
POA Reserve Study Interval 5 years Va. Code §55.1-1826 (B)(1) Jul 9, 2026
Financial Update Delivery Deadline 3 business days Va. Code §55.1-2311 (C) Jul 9, 2026

6 of the 22 statutory thresholds the corpus holds for Virginia concern the books. The full list, with every citation.

02

What arrives by the 10th

The books, any hour
The board and the manager read the ledger as it stands, not as of the last statement. Read access, around the clock.
Balance sheet
Every fund, every bank account, every receivable, as of month end.
Income statement against budget
The month and the year to date beside the budget the board adopted.
Bank reconciliation
Every account, to the statement, with the items in transit listed.
Delinquency by unit
Who owes what and for how long.
The check register
Every payment that left, who approved it, and what it paid.

In January, the annual statement package and the CPA's schedules. We never hold signing authority over funds: the board or the manager approves every payment, and we record it.

03

By city

Each city with at least 25 associations on the public record.