Town of Hempstead IDA
Audit Committee Minutes
September 23, 2015

Members Present:  Theodore Sasso Jr., Dan Grodotzke, John Ryan,                          
                               Fred Parola & Lorraine Rhoads

Members Excused:  Ari Brown

Mr. Theodore Sasso, Jr. called the meeting to order at 8:35 am.

The agenda included the 2016 Draft Budget. The committee members had a chance to review the document prior to this meeting.  It was explained that the NYS Pension amount has been reduced from last year’s in accordance with the NYS 2016 Projection for the IDA.  A motion was made by Mr. Fred Parola to accept the IDA 2016 Draft Budget as presented.  It was seconded by Mr. John Ryan. All approved and the motion carried.

The committee members briefly discussed the 2016 Audit Committee Charter, which substantively remained unchanged from last years’.  Mr. Dan Grodotzke made a motion to accept the Charter as written.  Mr. John Ryan seconded it.  All approved and the motion carried.

A motion was made by Mr. John Ryan to close the meeting and Mr. Dan Grodotzke seconded it.  All approved and the meeting was closed at 8:40a.m.

					
						_________________________________________
                                                                                      Lorraine Rhoads, Agency Administrator &
                                                                        Committee Member

9/23/15