ACTION ITEM
SPONSOR: Teniade Broughton, Chairperson
SUBJECT:
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FY 2021 COMMUNITY REDEVELOPMENT AGENCY (CRA) AUDITED FINANCIAL STATEMENTS
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RECOMMENDATION:
recommendation
That the Community Redevelopment Agency accept the Financial Statements for the year ended September 30, 2021 as prepared by the City of Pensacola’s Financial Services Department and the Independent Auditors Report issued thereupon.
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SUMMARY:
Pursuant to Section 8 of Chapter 2019-163, Laws of Florida, effective for audits for fiscal years beginning October 1, 2019, and thereafter, a community redevelopment agency with revenues or a total of expenditures and expenses in excess of $100,000 must provide for a separate financial audit.
PRIOR ACTION:
None
FUNDING:
Budget: $ 15,000
Actual: $ 15,000
FINANCIAL IMPACT:
The cost of an independent audit is included in the Community Redevelopment Agency’s budget.
LEGAL REVIEW ONLY BY CITY ATTORNEY: Yes
2/25/2022
STAFF CONTACT:
David Forte, Deputy City Administrator - Community Development
Sherry Morris, Development Services Director
M. Helen Gibson, AICP, CRA Manager
Amy Lovoy, Finance Director
ATTACHMENTS:
1) FY21 Audited Financial Statements
2) SAS 114 Auditor Report
PRESENTATION: Yes end