CDD reviews financial variances, approves storm cleanup and easement; board ratifies audit

At the Oct. 22 meeting the River Ridge CDD ratified its audited financial report for the fiscal year ended Sept. 30, 2023, reviewed unaudited financial statements as of Sept. 30, 2024 and approved several operational items including emergency street sweeping and a proposed drainage easement.

Cleo Adams presented Resolution 2024-05A accepting the FY 2023 audited financial report; the board ratified the resolution unanimously. In reviewing the unaudited Sept. 30, 2024 statements, Adams identified apparent misclassifications and variances: General Fund "Engineering" at 209% of budget (possible expenditures that belong in Special Revenue), "Contingencies" at 421% because $4,209 likely belongs under Other contractual as landscaping, NPDES reporting filing at $19,805 (152% of budget), and debt service (principal & interest) 2022 note at $74,480 (205% of budget). Adams said Corporate was asked to provide paid invoices to allow corrections; she expects the ledger to be corrected in the next financials.

On operational items the board approved Precision Cleaning, Inc. to perform street sweeping for storm cleanup under emergency authorization; the vendor made eight passes and the board approved a one-time amount of $1,475 and authorized staff to add additional week-to-week cleanings for the next month if necessary. The board also approved a template Grant of Easement for drainage from PSGRC to the CDD and asked that each future easement include a sketch and legal description.

Charlie Krebs noted incorrect wording on some signs (Southern Hills Court vs. Southern Hills Drive) and asked staff to follow up with the sign contractor; staff will inspect conservation area signage and coordinate replacements. The board directed staff to provide supporting invoices and correct accounting categorizations in the next financial report.