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Temple Terrace CRA adopts FY2022 audit; staff previews preliminary FY2024 budget
Summary
The Community Redevelopment Agency approved the CRA annual comprehensive financial report for fiscal year ending Sept. 30, 2022, and staff outlined preliminary FY2024 budget projections including a projected TIF reserve of about $430,000 and an approximate $40 million increase in taxable value.
The Community Redevelopment Agency for the City of Temple Terrace on Aug. 1 approved a resolution adopting the CRA annual comprehensive financial report for the fiscal year ending Sept. 30, 2022, and heard an initial staff briefing on the CRA preliminary budget for fiscal year 2024.
Finance Director Jim Ingram told the board that MSL CPAs and Advisors completed the CRA audit and “there were no findings in the audit,” and recommended adoption of the financial report. The board voted in favor and the resolution passed.
The audit adoption matters…
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