{"data":{"id":"us-ca/civ-5500","jurisdiction":"us-ca","citation":"CIV § 5500","heading":"","body":"Unless the governing documents impose more stringent standards, the board shall do all of the following:\n(a) Review, on a monthly basis, a current reconciliation of the association’s operating accounts.\n(b) Review, on a monthly basis, a current reconciliation of the association’s reserve accounts.\n(c) Review, on a monthly basis, the current year’s actual operating revenues and expenses compared to the current year’s budget.\n(d) Review, on a monthly basis, the latest account statements prepared by the financial institutions where the association has its operating and reserve accounts.\n(e) Review, on a monthly basis, an income and expense statement for the association’s operating and reserve accounts.\n(f) Review, on a monthly basis, the check register, monthly general ledger, and delinquent assessment receivable reports.","path":["Civil Code - CIV","DIVISION 4. GENERAL PROVISIONS [3274. - 9566.]","PART 5. Common Interest Developments [4000. - 6150.]","CHAPTER 7. Finances [5500. - 5580.]","ARTICLE 1. Accounting [5500. - 5502.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"dc74c6f723b8cc354560230346c5e815a421d833f8b867be6bbb59ff52d39fcc","source_id":"us-ca","stale":false,"prev":"us-ca/civ-5450","next":"us-ca/civ-5501"},"notice":"GroundRules: Original legal text. Not legal advice."}