TO: CRA Board of Commissioners
FROM: Renée A. Jadusingh, Esq., Executive Director
DATE: April 27, 2021
Title
AMENDMENT TO CRA ACCOUNTING POLICIES AND PROCEDURES MANUAL
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Recommended Action:
Recommendation
Approve the proposed amendments to “Accounting Policies and Procedures Manual” for the Delray Beach Community Redevelopment Agency.
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Background:
Revisions to the CRA Accounting Policies and Procedures Manual were last approved by the CRA Board on June 23, 2020 (“Policy”). This Policy provides Staff with guidance on the CRA’s accounting systems and processes.
As part of the financial audit for fiscal year 2019-2020, our auditors, Caler, Donten, Levine, Cohen, Porter, & Veil, PA, it will be recommended that Section 3.9 Debt Service clarify that debt is paid through the “general fund” not a “debt service fund”.
Staff recommends approving the revised policy as shown below.
Excerpt from CRA Accounting Policies and Procedures Manual
In order to assist Staff with implementing the recommendations, the Policy was updated accordingly. Staff recommends that the CRA Board approve the amended CRA Accounting Policies and Procedures Manual.
Attachment(s): Exhibit A - CRA Accounting Policies and Procedures Manual (redline version)