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<br />Community Redevelopment Agency <br />12,2006 <br />Page of 7 <br /> <br />Fourth Item of Business: Audit Draft Report Review <br /> <br />Mr. Patrick Thomson, Cherry, <br /> <br />& Holland, <br /> <br />the Summary of Findings with Related Procedures <br /> <br /> <br />(a copy is on file in the Community Development Department). <br /> <br />A lengthy discussion ensued regarding the audit findings and the <br /> <br /> <br />of an Interlocal <br /> <br />the <br /> <br /> <br />CRA. <br /> <br />Mr. Daigle made a motion that Mr. Thomson's firm, Cherry, Bekaert & Holland, calculate the figures lor Seminole <br /> <br />County <br /> <br />the <br /> <br />of <br /> <br /> <br />as <br /> <br /> <br />1. Forgive Seminole County 1997 and 1 <br />2. Waive all penalties lrom 1 through <br />of Casselberry: <br />1. Credit the City of Casselberry for expenditures paid by the <br />2. Waive all penalties <br /> <br /> <br /> <br /> <br />Mr. <br /> <br /> <br />appropriate <br /> <br /> <br />member, <br /> <br />a representative from <br /> <br /> <br />& <br /> <br />to present <br /> <br />the audit findings to Seminole County and resolve the funding issue. Mr. McGregor seconded the motion. The motion <br /> <br />unanimously by voice vote. <br /> <br />The internal controls outline in Section VI - Internal Control and Compliance Matters of the report were discussed as <br /> <br />follows: <br /> <br />1. Management Reports and Interim Financial Information - Financial expenditures to would be provided <br />in the CRA Board's meeting packets. Mr. Kohler will meet with Mr. Thomson and City staff to discuss <br />management reports. <br />2. Real Property Acquisition and Disposition - Mr. Kohler would review and come back 10 the CRA Board for <br />recommendations. <br />3. Correction to CRA owned property titled to City of - Discussed later in Ihe <br />4. CRA funding policy. the CRA adopt a policy <br />5. Capital Assets policy - Mr. Kohler recommended the CRA adopt a policy <br />6. Procurement policy - Mr. Kohler recommended adopting the City's policy <br />7. Cash management - Conducting a yearly audit <br /> <br />Mr. Thomson said the second phase of the audit should be available at the February 2007 Community <br /> <br />Redevelopment Agency's meeting; however, the final figures in the audit are based on the final outcome of the City and <br /> <br />Seminole County numbers from the audit. <br /> <br />Auditing the parcels included in the Community Redevelopment District was discussed and the Board requested that <br /> <br />staff verify the number of CRD parcels. <br />