9. ANNUAL AUDIT; REPORT; AND MEETING. Each year, the CRA shall

Community Redevelopment Agency · 2026-05-19 · agenda_item

The Community Redevelopment Agency (CRA) of the City of West Melbourne is planning its annual audit and reporting process. This involves preparing a report for the County and submitting an annual audit report as required by Florida Statutes. The City and CRA will contract with an independent auditor to review CRA expenditures and confirm that all tax increment financing (TIF) revenues were spent legally and according to state law. The City Manager or CRA Chairperson will meet with County Commissioners to discuss these reports. The County also has the right to require the CRA to undergo a performance audit, paid for by the County, which may examine specific areas defined by state statute. This process is currently planned and under review, representing an early stage in the fiscal year. The work will involve auditing services, legal review of compliance, and administrative reporting. Businesses specializing in auditing, financial review, and legal compliance services may find opportunities to engage with the CRA and City as this annual process unfolds.