Town of Hempstead IDA
Audit Committee Minutes
February 15, 2018

Members Present:: James Marsh-Chairman, Richard DeBrosse, Rev. Eric Mallette, 
                               Lorraine Rhoads  

Mr. Marsh noted that a quorum was present and called the meeting to order at 8:40 a.m.. 

The first item on the agenda was the review of the 2018 Purchasing Gudelines. The committee members had a chance to review the document prior to this meeting. A motion was made by Rev. Mallett to accept the 2018 Purchasing Guidelines and was seconded by Mr. Marsh.  All approved. The motion carried.

The second item on the Agenda was the review of the 2018 contract with Sheehan & Company, the IDA accountants. The contract is basically the same as last year’s with a slight increase in their fee for services. A motion was made by Rev. Mallett to approve the 2018 Sheehan & Company contract as written and was seconded by Mr. Marsh.  All approved and the motion carried.

A motion was made by Mr. DeBrosse to close the meeting and Rev. Mallett seconded it.  All approved and Mr. Marsh  closed the meeting at 8:45 a.m.

					
						_________________________________________
                                                                                      Lorraine Rhoads, Agency Administrator &
                                                                        Committee Member

2/15/18