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