SIRS-driven reserve disclosures, post-Surfside reporting under HB 913, Chapters 718 and 720 audit and review thresholds, and the heightened transparency requirements added in 2024 and 2025.
The Dec. 31, 2025 SIRS deadline has passed. 2026 is the first year Florida condo associations must fully fund structural reserves — and that has to be reflected in audited financial statements.
Read postUnder F.S. 720.303(7), a homeowners association with annual revenues of $500,000 or more must obtain audited financial statements; revenues between $300,000 and $500,000 require a reviewed statement; and an HOA with 1,000 or more parcels must be audited regardless of revenue. Condominium associations follow a parallel rule under F.S. 718.111(13).
The Structural Integrity Reserve Study funding deadline of December 31, 2025 has passed, so 2026 is the first year covered Florida condominium associations must fully fund the structural reserve components and reflect that funding in their audited financial statements. The audit now tests whether reserve contributions are consistent with the SIRS.
A traditional reserve study estimates funding for general common-element repairs and replacements. A Structural Integrity Reserve Study covers specific structural components such as the roof, load-bearing walls, and foundation, and for covered condominium buildings it can no longer be waived. Both affect how reserves are presented in audited statements.
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