River Ridge board accepts FY2023 audited financial report; budget amendment recommended

Ben Steets, of Grau & Associates, presented the District’s audited financial report for the fiscal year ended Sept. 30, 2023, telling the Board that audit testing found no significant instances of non-compliance and that internal controls over financial reporting appear to be operating as intended. He identified one finding (Page 28) that actual expenditures for the Special Revenue Fund exceeded the adopted budget and recommended that the District amend the budget within 60 days of year-end to correct that variance.