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Board ratifies audited report, reviews unaudited statements and approves storm cleanup sweeping
Summary
The Board ratified the fiscal year 2023 audited financial report, reviewed unaudited September 30, 2024 financials with several line-item variances noted for correction, and approved a one-time $1,475 emergency street-sweeping contract for storm clean-up.
The River Ridge CDD ratified Resolution 2024-05A accepting the audited financial report for the fiscal year ended Sept. 30, 2023 and reviewed unaudited financial statements as of Sept. 30, 2024 during its Oct. 22 meeting.
District Manager Cleo Adams distributed the unaudited statements and highlighted several variances and accounting items staff will correct: General Fund "Engineering" at 209% of budget (suspected misallocation of Special Revenue Fund charges); "Contingencies" at 421% where $4,209 should be reclassified to "Other contractual" as a landscaping expenditure; an NPDES reporting filing of $19,805 (152% of budget); and a Series 2022 note debt service item at $74,480 (205% of budget). Adams said Corporate was asked to provide paid invoices to reconcile the General Ledger and that the errors will be addressed in the next financials.
The Board also ratified an emergency Precision Cleaning, Inc. street-sweeping service for storm clean-up — the vendor completed eight passes through the district — in a one-time amount of $1,475 and authorized staff to add week-to-week cleanings for up to the next month if needed.
The district’s engineer reported that routine inspections before and after Hurricane Milton showed the water-management system was generally in good order. The Board ratified the audit acceptance by motion "with all in favor."
