River Ridge CDD accepts audited financials for FY2023; board adopts Resolution 2024-05
The River Ridge CDD board unanimously accepted the audited financial report for the fiscal year ended Sept. 30, 2023, presented by Grau & Associates, which found no significant non-compliance but noted the Special Revenue Fund exceeded budget; the board adopted Resolution 2024-05 and the audit firm confirmed the Series 2019 Note was retired after year-end.
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At the July 23 meeting, Ben Steets of Grau & Associates presented the District’s audited financial statements for the fiscal year ended Sept. 30, 2023 and told the Board "there are no significant instances of non-compliance and the internal controls over financial reporting appear to be operating as intended." He noted one finding (referenced on page 28) that actual expenditures for the Special Revenue Fund exceeded budget and recommended amending that fund’s budget within 60 days of year end.
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