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February 15, 2024 Page 2 A. Approval of Minutes of the January 30, 2024, Special Board Meeting and the February 1, 2024 Regular Board Meeting B. Approval of Warrants Accounts Payable Check Registers Total $784,199.46 Payroll $484,000.00 It was moved by Huffer, seconded by Buss, and carried 5-0 to approve the consent % calendar as presented. .f A. Annual Audit Report Smith reminded Board members that, since CRPD's best practices include changing .2uditors every four to five years, the Board approved hiring the accounting firm of Moss, Levy & Hartzheim LLP to perform the latest audit. She introduced Bin Zeng, Principal of Moss, Levy, who reported that CRPD has earned a 1i clean 3) opinion, which means that they can state, without reservation, that the financial statements are fairly presented in conformity with generally accepted accounting principles. He presented some financial highlights of the report and entertained Board member's questions. It was moved by Cusworth, seconded by Huffer, and carried 5-0 to accept th audit for the fiscal year (FY) ending June 30, 2023, as prepared by th accounting firm of Moss, Levy & Hartzheirn CPAS, LLP. I B. Annual Review and Adoption of Financial Reserves Policy Smith reported that this policy is brought before the Board each year; it was created in January of 2014 and was last reviewed in February of 2023. There are two steps: the first step entails updating all the balances in the Reserve Policy to match those in the financial statements and the second step is updating the target funding amounts. The policy is intended to provide clear, concise and well -articulated reasons and guidance for the accumulation and management of the District's reserve funds. Smith shared a PowerPoint presentation illustrating these changes and she answered Board member's questions.