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Board authorizes remote participation and adopts audit acceptance resolution
Summary
The River Ridge CDD board authorized remote attendance for Chair Bob Schultz and adopted Resolution 2024-05 to accept the FY2023 audited financial report; both motions passed "with all in favor."
At the start of the July 23 meeting, the Board approved a motion by Terry Mountford, seconded by Kurt Blumenthal, authorizing Bob Schultz to attend and fully participate via telephone/Zoom "due to exceptional circumstances." The motion passed "with all in favor."
Later, after a presentation by Ben Steets of Grau & Associates, the Board adopted Resolution 2024-05, accepting the audited financial report for the fiscal year ended September 30, 2023. Mr. Steets said the audit found "no significant instances of non-compliance" and that internal controls "appear to be operating as intended," but he noted one finding: actual expenditures for the Special Revenue Fund exceeded the budget and the auditor recommended amending that budget within 60 days. Mr. Steets also confirmed that the Series 2019 Note was retired on April 24, 2024, subsequent to year-end.
On MOTION by Kurt Blumenthal, seconded by Robert Twombly, Resolution 2024-05 was adopted "with all in favor." The Board did not record individualized vote names in the transcript but roll call earlier showed five supervisors present (four in person and one by telephone).
