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File #: 5739   
Type: Consent Status: Adopted
File created: 4/28/2023 In control: County Manager
On agenda: 5/9/2023 Final action: 5/9/2023
Title: Economic Development Commission of Florida's Space Coast, Inc. (hereafter referred to as the "EDC") Annual Audit Report and Bi-Annual Report
Attachments: 1. EDC Bi-Annual Report April 2023.pdf, 2. EDC Financial Statements FYE 09-30-22 and FYE 09-30-21.pdf

Subject:

Title

Economic Development Commission of Florida’s Space Coast, Inc. (hereafter referred to as the “EDC”) Annual Audit Report and Bi-Annual Report

End

Fiscal Impact:

There is no fiscal impact to the Requested Action. However, the County provides the EDC with an annual grant of $1,400,050 and the grant amount remains unchanged.

Dept/Office:

County Manager’s Office

Requested Action:

Recommendation

It is requested that the Board of County Commissioners acknowledge receipt of the EDC’s Annual Audit Report for years ended September 30, 2022 and 2021 and the Bi-Annual Report for the period of October 1, 2022 through March 31, 2023.

End

Summary Explanation and Background:

In accordance with the Grant Agreement, EDC furnishes the County with a copy of their annual audit of the EDC’s financial records and operations conducted by a Certified Public Accountant. Additionally, the EDC provides the County with a Bi-Annual Report summarizing their expenditures.

Clerk to the Board Instructions:

Maintain necessary documents for records retention.