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Boca Raton CRA posts unmodified audit opinion; deferred lease inflows reflect Meisner Park ground leases
Summary
Deputy CFO Carlisha Jenkins presented audited financial statements for fiscal year ended Sept. 30, 2024. Independent auditor CBIS CPAs issued an unmodified opinion and reported no internal-control findings; the statements reflect deferred inflows tied to long-term ground leases at Meisner Park.
Carlisha Jenkins, deputy chief financial officer for the City of Boca Raton, presented the Boca Raton Community Redevelopment Agency’s audited financial statements for the fiscal year ended Sept. 30, 2024, at the agency’s April 21 meeting.
Jenkins said the CRA reported more than $143 million in total assets and about $47.3 million in capital assets. The agency ended the year with $575,000 in total liabilities and about $58.5 million in deferred inflows tied to future lease payments under multiple Meisner Park ground leases, she said. The CRA’s net position was $83.9 million, of which $36.7 million was restricted.
The statements show…
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