Cal. Civ. Code §5500
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Board Review of Financial Statements
The board must, at least quarterly, review bank reconciliations, operating fund and reserve account statements, check register, income and expense variance, and the current delinquency list.
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Assessment
| Ref | Requirement |
|---|---|
| (c) | The board must review who owes past-due assessments every quarter. |
Financial
| Ref | Requirement |
|---|---|
| (a) | The board is required to review the association's finances at least every three months. |
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Legal references last verified May 24, 2026.
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