Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. CS for SB 436
       
       
       
       
       
       
                                Barcode 593170                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/13/2013           .                                
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       The Committee on Judiciary (Gardiner) recommended the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 389 - 403
    4  and insert:
    5         1. An association with total annual revenues of $150,000
    6  $100,000 or more, but less than $300,000 $200,000, shall prepare
    7  compiled financial statements.
    8         2. An association with total annual revenues of at least
    9  $300,000 $200,000, but less than $500,000 $400,000, shall
   10  prepare reviewed financial statements.
   11         3. An association with total annual revenues of $500,000
   12  $400,000 or more shall prepare audited financial statements.
   13         (b)1. An association with total annual revenues of less
   14  than $150,000 $100,000 shall prepare a report of cash receipts
   15  and expenditures.
   16         2. An association that operates fewer than 50 75 units,
   17  regardless of the association’s annual revenues, shall prepare a
   18  report of cash receipts and expenditures in lieu of financial
   19  statements required by paragraph (a).
   20         Delete lines 1720 - 1730
   21  and insert:
   22         1. An association with total annual revenues of $150,000
   23  $100,000 or more, but less than $300,000 $200,000, shall prepare
   24  compiled financial statements.
   25         2. An association with total annual revenues of at least
   26  $300,000 $200,000, but less than $500,000 $400,000, shall
   27  prepare reviewed financial statements.
   28         3. An association with total annual revenues of $500,000
   29  $400,000 or more shall prepare audited financial statements.
   30         (b)1. An association with total annual revenues of less
   31  than $150,000 $100,000 shall prepare a report of cash receipts
   32  and expenditures.