To the Honorable Mayor and Members of City Council City of Port St . Lucie Community Redevelopment Agency Page Two
Financial Condition and Management
Section 10.554 ( 1 )( i ) 5 . a . and 10.556 ( 7 ), Rules of the Auditor General , require us to apply appropriate procedures and communicate the results of our determination as to whether or not the City of Port St . Lucie Community Redevelopment Agency has met one or more of the conditions described in Section 218.503 ( 1 ), Florida Statutes , and to identify of the specific condition ( s ) met . In connection with our audit , we determined that the City of Port St . Lucie Community Redevelopment Agency did not meet any of the conditions described in Section 218.503 ( 1 ), Florida Statutes .
Pursuant to Sections 10.554 ( 1 )( i ) 5 . b . and 10.556 ( 8 ), Rules of the Auditor General , we applied financial condition assessment procedures for the City of Port St . Lucie Community Redevelopment Agency . It is management ’ s responsibility to monitor the City of Port St . Lucie Community Redevelopment Agency ’ s financial condition , and our financial condition assessment was based in part on representations made by management and review of financial information provided by same .
Section 10.554 ( 1 )( i ) 2 ., Rules of the Auditor General , requires that we communicate any recommendations to improve financial management . In connection with our audit , we did not have any such recommendations .
Specific Information As required by Section 218.39 ( 3 )( c ), Florida Statutes , and Section 10.554 ( 1 )( i ) 6 , Rules of the Auditor General , the City of Port St . Lucie Community Redevelopment Agency reported : a . The total number of district employees compensated in the last pay period of the Agency ’ s fiscal year as 2 . b . The total number of independent contractors to whom nonemployee compensation was paid in the last month of the Agency ’ s fiscal year as ‐0‐. c . All compensation earned by or awarded to employees , whether paid or accrued , regardless of contingency as $ 233,020 d . All compensation earned by or awarded to nonemployee independent contractors , whether
e . paid or accrued , regardless of contingency as $ ‐0‐. Each construction project with a total cost of at least $ 65,000 approved by the district that is scheduled to begin on or after October 1 of the fiscal year being reported . The Agency had no such projects . f . A budget variance based on the budget adopted under Section 189.016 ( 4 ), Florida Statutes , before the beginning of the fiscal year being reported if the district amends a final adopted budget under Section 189.016 ( 6 ), Florida Statutes , as Statement of Revenues , Expenditures , and Changes in Fund Balance – Budget and Actual – General included in the District ’ s basic financial statements .
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