8.0 Financial Stewardship & Accountability A cornerstone of member trust and organizational stability is our unwavering commitment to fiscal responsibility and transparent financial management. The Coastal Association of REALTORS® prioritizes sound financial stewardship to ensure we can effectively serve our members and fulfill our mission for years to come. Independent Financial Audit In 2025, a full independent audit of the association's 2024 finances was conducted by the certified public accounting firm of PKS & Company, P.A. The auditors presented their findings to the Board of Directors, reporting that the financial statements were in accordance with generally accepted accounting principles. The audit identified no material modifications , affirming the association's strong financial health and management practices. Strategic Financial Decisions The Board of Directors made several key financial decisions during the year to protect and grow the association's assets and invest in its future. • Budget Approval: The Board reviewed and approved the proposed 2026 operating budget, ensuring resources are aligned with strategic priorities. • Investment Management: To optimize asset management and advisory services, the Board approved moving the association's investment accounts from Morgan Stanley to Coastal Wealth Management LLC. • Strategic Planning Investment: Recognizing the importance of long-term vision, the Board approved an expense of up to $25,000 for a comprehensive strategic planning session to be held in January 2026. This disciplined financial stewardship ensures the long-term health of our association and magnifies the impact of the generous contributions from our industry partners, whom we are honored to recognize next.
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