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Board ratifies FY2023 audit, reviews unaudited statements and approves storm cleanup work
Summary
The Board ratified acceptance of the FY2023 audited financial report, reviewed unaudited Sept. 30, 2024 statements citing budget variances (Engineering at 209%, Contingencies at 421%), approved a $1,475 emergency street-sweeping clean-up and discussed speed sign operations.
The River Ridge CDD ratified Resolution 2024-05A accepting the audited financial report for the fiscal year ended Sept. 30, 2023. The Board then reviewed unaudited financial statements as of Sept. 30, 2024. Mrs. Adams identified suspected misallocations (General Fund "Engineering" showing 209% of budget and "Contingencies" at 421% owing in part to landscaping charges); staff asked Corporate for paid invoices to investigate and said corrections will be reflected in future reports.
Mr. Blumenthal questioned a General Fund NPDES reporting filing line of $19,805 and a Series 2022 note debt service item at $74,480; Mrs. Adams said the ledger would be reviewed and corrected where appropriate. Mr. Krebs also noted sign-order errors (Southern Hills Drive vs. Southern Hills Court) and noted rusted lake/wetland signs to be inspected.
For storm clean-up, the Board approved an emergency Precision Cleaning, Inc. street sweeping one-time payment of $1,475 for storm debris removal and authorized staff to add additional week-to-week cleanings for the next month if required. Staff also reported eight loads of debris and that three permanent speed signs are operational with one mobile sign; training on the system and ticketing is scheduled and funding for additional signage was approved.
On the financial items, Mrs. Adams will obtain invoices and provide corrected entries in subsequent statements; no additional budget transfers were approved at the meeting.
