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River Ridge CDD continues FY2024/2025 budget work; FY2025 budget hearing set for Aug. 27
Summary
Board continued discussion of the FY2024/2025 budget and five‑year capital plan, covering guardhouse design and permitting, potential transfers into cash sweep accounts, the 'traffic hawk' project and other upcoming projects; the board scheduled the FY2025 budget adoption hearing for Aug. 27, 2024 at 1:00 p.m.
District Manager Chuck Adams and board members continued discussion of the Fiscal Year 2024/2025 budget at the July 23 meeting, reviewing Mr. Blumenthal’s updated five‑year Capital Improvement Plan and asking whether further adjustments were needed. Topics discussed included guardhouse design and permitting, proposals for guardhouse construction, whether funds could be placed into cash sweep accounts, the 'traffic hawk' device, and other upcoming projects.
Mrs. Adams presented unaudited financial statements as of June 30, 2024 and answered questions about items on the check register; the Board reviewed budget variance information and the proposed 2023‑2029 five‑year plan. Staff told the board it will provide periodic updates on major projects to improve communications.
The board set its next meeting for Aug. 27, 2024 at 1:00 p.m. for the adoption of the FY2025 budget; a quorum of supervisors confirmed they will attend (Mr. Schultz will participate by telephone).
Next steps: staff to prepare materials for the Aug. 27 FY2025 budget adoption hearing and to follow up on the five‑year capital plan and proposed guardhouse design/permitting.
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