Town of Hempstead IDA
Audit Committee Minutes
March 29, 2016

Members Present:  , Ari Brown-Chairman, Theodore Sasso, Dan Grodotzke, Frederick Parola                          
                                 & Lorraine Rhoads

Members Excused:   John Ryan

Ari Brown called the meeting to order at 8:51 am.

The first item on the agenda was the adoption of the “2016 Purchasing Guidelines” previously discussed and reviewed at the February meeting.  Mr. Frederick Parola made a motion to approve the guidelines as written and Mr. Dan Grodotzke seconded it.  All approved and the motion carried.

One of the items on the agenda was the adoption of the IDA 2014 Annual Financial Report, as compiled by our auditors Sheehan & Company.   The members had an opportunity to review the report previously.  Frederick Parola made a motion to accept the 2014 Financial Report and it was seconded by  Mr. Dan Grodotzke. All approved and the motion carried.

The next item on the agenda was the adoption of the IDA 2015 Audited Financials consisting of the Audited Financial Report and Financial Statements, as compiled by our auditors Sheehan & Company.  Again, the members had an opportunity to review the financials previously.  Mr. Frederick Parola made a motion to accept the 2015 IDA Financials and it was seconded by Dan Grodotzke..  All approved and the motion carried.

A motion was made by Frederick Parola to close the meeting and Theodore Sasso seconded it.  All approved and the meeting was closed at 8:58 a.m.

					
						_________________________________________
                                                                                      Lorraine Rhoads, Agency Administrator &
                                                                        Committee Member
3/29/16