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CDD records unaudited financials; Series 2022A note to be closed and applied to prepay bond debt

River Ridge Community Development District · November 19, 2024

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Summary

The board accepted unaudited financial statements as of Oct. 31, 2024, and recorded that the Series 2022A note will be closed with funds applied to prepay bond debt; staff will research a missing Oct. 1 insurance entry in the check register.

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At its Nov. 19 meeting the River Ridge CDD accepted unaudited financial statements as of Oct. 31, 2024. District Manager Cleo Adams reported that the Series 2022A note will be closed and funds applied to prepay bond debt.

Supervisor Kurt Blumenthal raised a query about an Oct. 1 annual insurance payment not appearing in the check register; Mrs. Adams said she would investigate and report her findings back to Mr. Blumenthal. The board took the financial statements as informational and moved on to other agenda items.

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