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River Ridge supervisors adopt audited FY2023 report and approve routine motions
Summary
The River Ridge Community Development District Board on July 23 adopted Resolution 2024-05 accepting the audited financial report for the fiscal year ended Sept. 30, 2023, approved several routine motions including minutes and remote attendance authorization, and was advised to amend a Special Revenue Fund budget item.
The River Ridge Community Development District Board of Supervisors adopted Resolution 2024-05 on July 23, 2024, formally accepting the audited financial report for the fiscal year ended Sept. 30, 2023. The motion, brought by Supervisor Kurt Blumenthal and seconded by Supervisor Robert Twombly, passed unanimously.
The audit, presented by Ben Steets of Grau & Associates, found "no significant instances of non-compliance and the internal controls over financial reporting appear to be operating as intended," but included one finding that expenditures for the Special Revenue Fund exceeded the adopted budget; the firm recommended amending the budget within 60 days of year end. Steets also confirmed the Series 2019 Note was retired on April 24, 2024, subsequent to the fiscal year end.
On related procedural matters the Board approved, by unanimous votes, a motion authorizing Supervisor Bob Schultz to attend and fully participate via telephone/Zoom due to exceptional circumstances (moved by Terry Mountford; seconded by Kurt Blumenthal), and approved the June 25, 2024 meeting minutes as amended (moved by Kurt Blumenthal; seconded by Jim Gilman). District Manager Chuck Adams said he will follow up with the Controller about the Special Revenue Fund budget amendment.
The actions recorded at the meeting were procedural and did not adopt new programs or appropriations beyond the resolution accepting the audit. Next steps identified in the meeting record include staff preparing the budget amendment described in the audit recommendation and returning any related documents to the Board for review.
