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River Ridge CDD ratifies audited financials, flags budget variances; approves storm cleanup and signage work
Summary
The Board ratified the FY2023 audited financial report, reviewed unaudited Sept. 30, 2024 statements that show several budget variances, approved emergency street-sweeping storm cleanup, and authorized Bowman signage design work; staff will follow up on invoice allocations and accounting corrections.
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 that contained several notable variances.
Mrs. Adams presented the unaudited statements and flagged items for correction: General Fund "Engineering" at 209% of budget (suspected misallocation of expenditures that should be under Special Revenue Fund), "Contingencies" at 421% because $4,209 belongs under "Other contractual" as landscaping, and General Fund "NPDES reporting filing" at $19,805 (152% of budget). Mr. Blumenthal questioned Series 2022A note items and the General Ledger; Mrs. Adams said Corporate would provide invoices and the errors would be corrected in the next financial reports.
As part of operational business, the Board approved an emergency Precision Cleaning, Inc. street-sweeping contract for storm debris cleanup (one-time $1,475) and authorized staff to add week-to-week cleanings over the next month if needed. The Board also approved Bowman Consulting Group’s proposal for landscape architecture services for a Pelican Sound master signage program; neighborhood monument replacements will be budgeted under Pelican Sound replacement reserves. Mr. Krebs reported ongoing sign issues (rust and incorrect labeling for Southern Hills Drive vs. Southern Hills Court) and staff were asked to follow up with the sign vendor.
Mark Zordan reported that the Lee County NPDES Cycle 4 Year 7 Annual Report was reviewed and approved by Lee County and will be submitted to the Florida Department of Environmental Protection before the Nov. 1 deadline; because a new permit is not yet issued, staff were instructed to continue into Year 8. The Board voted unanimously on the audited report ratification and the operational approvals.
The Board rescheduled its November meeting from Nov. 12 to Nov. 19, 2024. Staff will supply requested invoices and ledger support for the financial items and return corrected statements at a subsequent meeting.
