River Ridge CDD adopts Resolution 2024-05 accepting FY2023 audit; one budget finding noted
Grau & Associates found no significant noncompliance in the district’s FY2023 audit but noted the Special Revenue Fund’s expenditures exceeded the budget; the board unanimously adopted Resolution 2024-05 accepting the audit and staff will pursue a budget amendment.
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Grau & Associates presented the River Ridge Community Development District’s audited financial statements for the fiscal year ended Sept. 30, 2023. Auditor Ben Steets told the Board the audit found no significant instances of non-compliance and that internal controls over financial reporting appeared to operate as intended, but it included one finding (page 28) that actual expenditures for the Special Revenue Fund exceeded the adopted budget. The auditor recommended amending the budget within 60 days of year end to address the variance.
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