Town of Hempstead IDA
Audit Committee Minutes
September 28, 2016

Members Present:  Ari Brown- Chairman, Dan Grodotzke, John Ryan,                          
                               Fred Parola & Lorraine Rhoads

Members Excused:  Theodore Sasso, Jr.

Mr. Ari Brown. called the meeting to order at 8:35 am.

The agenda included the 2017 Draft Budget. The committee members had a chance to review the document prior to this meeting.  It was explained that, although the projected budget shows a possible deficit, that may not be the case depending on the projects we close in 2017.  There is no way to accurately predict that number. A motion was made by Mr. Fred Parola to accept the IDA 2017 Draft Budget as presented.  It was seconded by Mr. Dan Grodotzke All approved and the motion carried.

The committee members briefly discussed the 2017 Audit Committee Charter, which substantively remained unchanged from last years’.  Mr. Dan Grodotzke made a motion to accept the Charter as written.  Ms. Lorraine Rhoads seconded it.  All approved and the motion carried.

A motion was made by Mr. Fred Parola to close the meeting and Mr. Dan Ari Brown seconded it.  All approved and the meeting was closed at 8:40a.m.

					
						_________________________________________
                                                                                      Lorraine Rhoads, Agency Administrator &
                                                                        Committee Member

9/28/16