Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Management topic
No spam. Unsubscribe anytime.
River Ridge CDD ratifies audited report, flags budget variances and approves storm cleanup sweep
Summary
The Board ratified the FY 2023 audited financial report, reviewed unaudited Sept. 30, 2024 statements that showed several budget variances (notably engineering and contingencies) and approved emergency street-sweeping storm cleanup by Precision Cleaning for $1,475 with authorization for additional weekly cleanings.
The River Ridge Community Development District ratified its audited financial report for the fiscal year ended Sept. 30, 2023, and reviewed unaudited financial statements that highlighted multiple budget variances, while also approving a vendor for storm cleanup.
Mrs. Adams presented Resolution 2024-05A to accept the audited financial report for the fiscal year ended Sept. 30, 2023; the Board ratified the resolution "with all in favor." Mrs. Adams then distributed the unaudited financial statements as of Sept. 30, 2024 and called attention to a number of apparent misallocations and overruns: General Fund engineering showing 209% of budget (suggesting expenditures that should be in a Special Revenue Fund were miscoded), Contingencies at 421% due to an $4,209 landscaping charge that should be under "Other contractual," and a General Fund NPDES reporting filing item at $19,805 (152% of budget). Mrs. Adams said the $74,480 listed under "Debt service (prin & int) 2022 note" at 205% of budget was discussed with Corporate and will be corrected in the next financials.
Mr. Blumenthal asked staff to provide copies of all paid invoices to reconcile misposted items. Mr. Krebs also noted a sign vendor error (rusted signs and incorrect locality labeling) and asked staff to inspect and follow up.
On a separate item, Mr. Schultz presented Precision Cleaning, Inc.'s emergency street-sweeping proposal for storm cleanup. Staff reported eight loads of debris removed and eight passes through the district. The Board ratified the emergency authorization for a one-time amount of $1,475 and authorized staff to add additional week-to-week cleanings for the next month, if necessary.
The Board requested further invoice detail from Corporate to reconcile accounting errors and asked staff to inspect conservation-area signage and coordinate replacements.
