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File #: 18-0396 CRA    Version: 1 Name:
Type: CRA Board Action Status: Agenda Ready
File created: 7/2/2019 In control: Community Redevelopment Agency
On agenda: 7/9/2019 Final action:
Title: AMENDMENT TO CRA ACCOUNTING POLICIES AND PROCEDURES
Attachments: 1. Agenda Cover Report, 2. Exhibit A- CRA Accounting Policies and Procedures Manual
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO:                                           CRA Board of Commissioners

FROM:                       Lori Hayward, Finance and Operations Director

THROUGH:                      Renée A. Jadusingh, CRA Executive Director

DATE:                      JULY 9, 2019

 

Title

AMENDMENT TO CRA ACCOUNTING POLICIES AND PROCEDURES

 

 

Body

Recommended Action:

Recommendation

Approve the proposed amendment to “Accounting Policies and Procedures Manual” for the Delray Beach Community Redevelopment Agency.

 

 

Body

Background:

Revisions to the CRA Accounting Policies and Procedures Manual were last approved by the CRA Board on March 22, 2018 to update Section 3.5 (Payroll) related to personal leave reports.  Prior to that the CRA’s Manual was last updated September 22, 2011 and a more extensive review has been conducted this year.  

An updated CRA Accounting Policies and Procedures Manual is attached (See Exhibit A).  The manual has the following proposed revisions:

                     Two sections that include processes were removed and will be updated/added to the internal CRA Operations Manual:

1.                     Section 5: The CRA Budget Process

2.                     Section 9: Project and Property Related Accounting

 

                     Section 3: Accounting and Finance

3.1 Accounts Payable was updated to allow checks to be processed with two authorized check signers whether manual or through digital signatures.  This provides the option of using digital signatures.

 

Also, the two authorized signers are CRA staff and the requirement that a board member signs has been removed.

 

A copy of the 2011 manual is available upon request.

 

 

Attachment(s): Exhibit A - CRA Accounting Policies and Procedures Manual

 

CRA Attorney Review:

N/A

 

Finance Review:

Reviewed and prepared by Lori Hayward, CRA Finance & Operation Director.

 

Funding Source/Financial Impact:

N/A