Laserfiche WebLink
<br />Community Redevelopment Agency <br />August 21 , 2006 <br />Page 2 of 7 <br /> <br />August 28, 2006 City Commission agenda to pay the funds into the CRA Trust Fund Account. Mr. Kohler said it was <br />his understanding that Seminole County approved payment of $60,485 to the CRA. <br /> <br />Mr. Daigle made a motion to take a look at possible outside auditors to audit the books from day one to <br /> <br />today and use the auditor in the future to audit the CRA books on a yearly basis to verify the numbers from the City <br /> <br />and Seminole County. Mr. McGregor seconded the motion. <br /> <br />A lengthy discussion ensued regarding the report prepared by Seminole County Clerk of the Circuit Court <br />and the CRA conducting an independent audit of the CRA. Mr. Miller said the City is using the numbers in the <br />Seminole County Report in good faith and if the independent audit shows a different amount the City would then <br /> <br />make an adjustment. <br /> <br />Mr. Fall said a joint meeting with the CRA and the City Commission is needed to discuss policy issues. A <br /> <br />list of certified public accountants prepared by Mr. Kohler was distributed to the CRA Board (a copy is attached and <br /> <br />made a part of these minutes). <br /> <br />Mr. Daigle restated his motion that the CRA hire an outside accounting firm to assist the CRA with any <br /> <br />accounting type things that the CRA will need. Mr. McGregor seconded the motion. <br />Mr. Hoffmann suggested amending the motion to authorize the Chairman to prepare an RFP for a third party <br />independent audit to meet the requirements of Florida State Statutes Chapter 163.387(8). The independent audit <br /> <br />and scope of services for the audit was discussed. Mr. Kohler said the CRA needs to establish internal accounting <br /> <br />procedures. Mr. Kohler estimated the cost of the audit at $15,000 . $25,000 and a yearly audit would cost <br />approximately $10,000 . $15,000. Mr. Kohler stated the City audit is a financial audit and not a compliance audit. <br /> <br />Mr. Kohler stated that Moore, Stephens & Lovelace conducts the City audit and suggested excluding them from the <br /> <br />list. <br /> <br />Mr. Kohler stated he would prepare a scope of services for the audit for review by the CRA Board which <br /> <br />would include the seven findings outlined in the Seminole County report. <br /> <br />Mr. Daigle withdrew his previous motions. Mr. Daigle made a motion to go to the two firms on the certified <br /> <br />public accountants list (Cherry Becket & Holland - Ron Conrad and McDirmit & Davis - Eldon McDirmit) and ask <br />them for an audit of the CRA books from past to current and audit an additional year based on an RFP prepared by <br />