ACTION ITEM
SPONSOR: Delarian Wiggins, Chairperson
SUBJECT:
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FY 2020 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, 2020 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: $ 18,500
Actual: $ 18,500
FINANCIAL IMPACT:
The cost of an independent audit is included in the Community Redevelopment Agency’s budget.
CITY ATTORNEY REVIEW: Yes
3/22/2021
STAFF CONTACT:
Kerrith Fiddler, Deputy City Administrator - Community Development
M. Helen Gibson, AICP, CRA Administrator
Victoria D’Angelo, Asst. CRA Administrator
Amy Lovoy, Finance Director
ATTACHMENTS:
1) FY20 Audited Financial Statements
2) SAS 114 Auditor Letter
PRESENTATION: Yes end