THE CRA'S INDEPENDENT AUDITORS HCT CERTIFIED PUBLIC ACCOUNTANTS HAVE COMPLETED THE CRA'S AUDIT FOR THE FISCAL YEAR 2015/2016.  THEY WILL PRESENT THE AUDIT REPORT AND FINANCIAL STATEMENTS AND BE AVAILABLE TO ANSWER ANY RELATED QUESTIONS.  THE CRA'S AUDIT IS INCLUDED AS COMPONENT UNIT OF THE CITY OF RIVIERA BEACH WHICH WAS PRESENTED TO THE CITY COUNCIL ON MAY 17, 2017.  THE CITY OF RIVIERA BEACH FINANCE DEPARTMENT WORKED CLOSELY WITH THE CRA STAFF AND INTERIM FINANCE DIRECTOR ARNOLD BROUSSARD TO ASSIST HCT TO COMPLETE THEIR INDEPENDENT AUDIT.  THE AUDIT IS PRESENTED IN CONFORMANCE WITH THE PRINCIPLES AND STANDARDS FOR FINANCIAL REPORTING SET FORTH BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), AND OTHER REPORTING STANDARDS AS MANDATED BY FINANCIAL GOVERNING AUTHORITIES.  THE AUDIT WAS CONDUCTED BY A FIRM OF LICENSED CERTIFIED PUBLIC ACCOUNTANTS IN ACCORDANCE WITH GENERALLY ACCEPTED AUDITING STANDARDS (GAAS). 

IT SHOULD BE NOTED THAT THE FINANCIAL REPORTING POSITIONS OF THE RIVIERA BEACH CDE, INC., AND THE RIVIERA BEACH EVENT CENTER LLC, ENTITIES ARE INCLUDED AS "CONTROLLED ENTITIES' OF THE CRA FOR FINANCIAL REPORTING PURPOSES, IN CONFORMITY WITH GOVERNMENTAL ACCOUNTING AND FINANCIAL REPORTING STANDARDS.

THE AUDITOR HAS ISSUED AN UNQUALIFIED OPINION OF THE CRA'S FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2016.  MANAGEMENT BELIEVES THAT THE DATA, AS PRESENTED, IS ACCURATE IN ALL MATERIAL ASPECTS AND IS ORGANIZED IN A MANNER WHICH FAIRLY SETS FORTH THE FINANCIAL POSITION AND RESULTS OF THE OPERATIONS OF THE CRA.