River Ridge CDD accepts audited financial report; board directs budget amendment
The River Ridge Community Development District board unanimously adopted Resolution 2024-05 to accept the audited financial report for the fiscal year ended Sept. 30, 2023, and was advised to amend the Special Revenue Fund budget after auditors found actual expenditures exceeded budget.
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Ben Steets of Grau & Associates presented the audited financial report for the fiscal year ended Sept. 30, 2023, to the River Ridge Community Development District Board of Supervisors on July 23, 2024. Steets said auditors found no significant instances of non-compliance and that internal controls "appear to be operating as intended." He identified one finding on Page 28: actual expenditures for the Special Revenue Fund exceeded the budget and recommended the Board amend that budget within 60 days of year-end.
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