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Delray Beach CRA receives clean audit, cash balance grows to about $118 million
Summary
Independent auditors delivered an unmodified opinion on the Delray Beach Community Redevelopment Agency's fiscal-year 2024 financial statements, reporting higher cash balances and reduced liabilities after bond payoffs; auditors and staff answered board questions about capital projects and OPEB calculations.
The Delray Beach Community Redevelopment Agency received an unmodified (clean) audit opinion for the fiscal year ended Sept. 30, 2024, the agency's independent auditor told the CRA board on Tuesday.
Scott Montgomery, director at CBIS, said the audit report issued March 27, 2025, concluded the CRA's financial statements "present fairly in all material respects" and were prepared in accordance with Governmental Accounting Standards Board pronouncements.
The nut graf: The audit shows the CRA's totals on a government-wide basis include roughly $172,000,000 in cash and about $118,000,000…
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