River Ridge CDD adopts audited FY2023 financial report; one budget finding noted
The Board accepted the FY2023 audited financial statements and adopted Resolution 2024-05. The auditor reported no significant noncompliance but identified that actual expenditures for the Special Revenue Fund exceeded the budget and recommended a budget amendment within 60 days of year-end.
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Ben Steets of Grau & Associates presented the audited financial statements for the fiscal year ended Sept. 30, 2023, telling the board the audit found no significant instances of noncompliance and that internal controls over financial reporting appeared to operate as intended. He noted one finding: actual expenditures for the Special Revenue Fund exceeded budget and recommended the district amend the budget within 60 days of year-end.
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