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Oviedo CRA reports $4.5 million cash balance; auditors report no findings
Summary
The Oviedo Community Redevelopment Agency reported about $4.5 million in cash at the end of fiscal 2023-24, largely encumbered for the Geneva Drive–State Road 434 connector project; independent auditors reported no compliance findings.
The Oviedo Community Redevelopment Agency reported roughly $4.5 million in cash at the close of fiscal year 2023–24 and an independent audit found no reportable findings, agency staff and auditors told the board on April 21.
Agency staff said about $4 million of the year-end cash balance is encumbered for the Geneva Drive–State Road 434 connector road project, with the remainder tied to smaller CRA projects. "For last fiscal year, 23–24, we had close to 4 and a half million dollars in cash at the end of the fiscal…
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