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<br />Community Redevelopment Agency <br />July 7,2006 <br />Page 3 of 7 <br /> <br />Mr. Fall said he would not vote on any action until the audit findings are complete. A discussion <br /> <br />ensued regarding the change in the tax increment base and the audit being conducted by the Clerk of the <br />Court. <br /> <br />The procedure for payments into the Trust Fund was discussed. Mr. Kohler made the following <br />suggestion to the CRA Board: <br /> <br />1. The CRA should prepare policies and procedures to implement the CRA program. <br />2. The CRA Board should prepare the CRA budget. <br />3. An Interlocal Agreement between the City and the CRA should be executed to handle incurred <br />costs. It should be reviewed and revised annually. <br />4. The CRA should establish a credit line with the City to the CRA's flow. <br /> <br />A general discussion ensued regarding the Community Redevelopment Agency's responsibilities <br />and the auditing of the CRA. Mr. Dreier, Finance Director, said based on GASB 34, the financial statement <br />was changed. He said that the CRA's budget was classified as a non-major fund and a full audit was not <br />completed. Mr. Dreier said he has requested that the auditor also provide an audit on any special fund <br />accounts which would include the CRA budget. <br />Mr. Hank Lander, 445 Surrey Run, Casselberry, Florida came forward. Mr. Lander said bullet <br /> <br />number 6 in Mr. Kohler's memorandum shows that $258,626 is to help the City and County help their <br /> <br />financial state and the amount may, in fact, be used in the unfunded amount of $552,010 to show that the <br />City has contributed the amount that should have been contributed and also shows the work performed by <br /> <br />the City employees. Mr. Lander felt this may be fairer to all parties. <br />Mr. Lander said the City should put into place an objective way to calculate the City employees' <br /> <br />contribution from this point forward. <br /> <br />Mr. Bob Goff (Mayor) said there seems to be some confusion as to who does what. Mr. Goff <br />suggested the CRA take a project and determine the processes for creating the project and the expenses <br />involved to complete the project. Mr. Goff also said the CRA should look at expenses if the City requests <br />the CRA to fund a project. He said this would create a cost structure for the CRA. <br />Mr. Fall said a joint meeting with the CRA Board and the City Commission is needed. <br />