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Board accepts unaudited Dec. 31 financials; approves $12,000 driveway repair bill after MRI credit
Summary
The board accepted unaudited financial statements as of Dec. 31, 2024; accounting recoded certain expenses and moved $4,343 from contingencies to landscape; the board also approved MRI Proposal #514 to repair a driveway at 21320 Pelican Sound Drive for $12,000 after MRI credited the CDD $10,500 on a $22,500 project.
Mrs. Adams presented the unaudited financial statements as of Dec. 31, 2024 and described accounting changes: expenses that had caused the "Engineering" budget to exceed were recoded to the Special Revenue Fund, and $4,343 was recoded from the Contingencies line to Landscape (outside the gates). Kurt Blumenthal noted unassigned working capital carried forward into FY2025 and said the CDD is on sound financial footing; he and Eric Long plan to work on a 10-year forecast to appear on a future agenda.
The board also considered MRI Construction Proposal #514 for driveway repairs at 21320 Pelican Sound Drive. MRI credited the CDD $10,500 on a $22,500 project, leaving a $12,000 balance. On motion by Keith Merrill, seconded by Bob Schultz, the board approved the $12,000 expenditure (unanimous).
