Briefing
CDA Finance Committee reviews year-end finances, CFP status; Riverview Towers audit unqualified
The Community Development Authority Finance Committee met March 5, 2026. Members approved prior minutes and reviewed CDA investment balances ($9,542,980.30 at 3.25%), receipt of a $17,110.80 Live It Up repayment (including a loan payoff), Capital Fund Program grant status (CFP 2023/2024 fully obligated/disbursed; CFP 2025 increased to $106,167 with $86,853.80 outstanding and obligation/disbursement deadlines of May 2027 and 2029), 2025 fourth-quarter financials for WCDA programs and Riverview Towers LLC, 2025–2026 salary allocations (within 1% of budget; no transfers needed), and the finalized RVT LLC audit (unqualified opinion). CliftonLarsonAllen will complete the single audit on April 6, 2026 and present audits at a future board meeting.
2 min readMunicipal coverage