Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Temple Terrace CRA and City approve 2024 annual financial reports; auditors report no findings
Summary
The Community Redevelopment Agency and the City Council approved their annual comprehensive financial reports for the fiscal year ending Sept. 30, 2024. External auditors issued unmodified opinions and the reports showed strong reserves, though some one‑time budgeted spenddowns will reduce reserve ratios during FY25.
The Community Redevelopment Agency and the Temple Terrace City Council on May 20 approved their annual comprehensive financial reports for the fiscal year ending Sept. 30, 2024, after presentations from the city finance director and the city’s external auditor.
Porvus Mazars lead auditor Jeff Wolf told the CRA board and later the council that Mazars issued an unmodified (clean) opinion on the financial statements and found no material weaknesses or reportable findings in internal control. Wolf also said the city met the federal single‑audit threshold and completed the single audit for American Rescue Plan Act (ARPA) funds with no…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
