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Riviera Beach CRA, subsidiary CDE receive clean audits with no findings
Summary
External auditors issued unqualified (clean) opinions for the Riviera Beach Community Redevelopment Agency (CRA) and its Community Development Event Center (CDE), reporting no findings for the periods under review and providing year-end cash figures for the CDE.
The Riviera Beach Community Redevelopment Agency and its Community Development Event Center received unqualified ("clean") audit opinions from their external auditors on Sept. 10, the agency was told during its regular meeting.
Executive Director Jadel Mercius introduced the auditors, who reported that both the CRA and the CDE audits were complete with no findings. The auditor said he issued an unqualified opinion for the audit periods under review and that there were no material weaknesses or reportable deficiencies.
The board asked for clarification about the CDE’s cash and revenue position. Staff reported that the CDE recorded no operating revenues for the year under review, had expenses of about $23,000 for fiscal year 2024, and that the CDE’s cash balance shown in the financial statements was $2,074,377 for year‑end 2024 (compared with roughly $2,046,000 for 2023). Staff said the CDE had been spending down previously accumulated funds as it wound up certain renovation activity tied to the marina and other projects.
Board members had no additional formal questions and thanked the auditor for the presentation. The auditor said he would attend the agency’s audit committee at the next meeting to present the reports in more detail.
The agency did not take a formal vote on the audit presentation; the auditor’s clean opinions and the cash figures were received as information.
