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River Ridge CDD reviews FY2025 budget plans, schedules budget hearing for Aug. 27
Summary
Board members discussed the FY2025 budget and five‑year capital plan, guardhouse design/permitting, possible cash‑sweep transfers and the upcoming public hearing to adopt the FY2025 budget on Aug. 27, 2024 at 1:00 p.m.
Staff and the Board reviewed the fiscal year 2024/2025 budget and Mr. Blumenthal presented an updated five‑year Capital Improvement Plan. Discussion covered design and permitting for proposed guardhouses, proposals for construction plans, whether funds could be transferred into cash sweep accounts, a proposed traffic hawk, and other upcoming projects.
Mrs. Adams told the Board the budget remains solvent and presented the unaudited financial statements as of June 30, 2024. The Board confirmed the next meeting — the FY2025 budget hearing and adoption — for Aug. 27, 2024 at 1:00 p.m., and four supervisors confirmed attendance with Chair Schultz participating by phone.
A Board Member raised a process concern about supervisors sometimes not having all information prior to meetings; Mr. Adams said staff will give periodic updates on major projects going forward.
