TO: Margate CRA Chair and Members of the Board
FROM: Cale Curtis, CRA Executive Director
DATE: April 8, 2026
Title
ACCEPTANCE OF THE MCRA INDEPENDENT AUDITOR’S FINANCIAL REPORT FOR FISCAL YEAR ENDED SEPTEMBER 30, 2025.
BACKGROUND: Pursuant to Florida Statutes, Part III, Chapter 163.387 (8)(a), “Each community redevelopment agency with revenue or a total expenditures and expenses in excess of $100,000, as reported on the trust fund financial statements, shall provide for a financial audit each fiscal year by an independent certified public accountant or firm. Each financial audit conducted pursuant to this subsection must be conducted in accordance with rules for audits of local governments adopted by the Auditor General.”
An audit of the MCRA for the fiscal year 2024-2025 was conducted by Citrin Cooperman, CPA’s and is attached herein. A hard copy of the audit was placed in each Board member’s mailbox in the City Clerk's office.
RECOMMENDATION: To accept the Independent Auditor’s Financial Report for FY 24-25
FISCAL IMPACT: N/A
CONTACT PERSON: Cale Curtis, CRA Executive Director