Minutes of The
            TOWN OF HEMPSTEAD INDUSTRY DEVELOPMENT AGENCY
AUDIT COMMITTEE MEETING, 3/23/11, 8:30 am

Agenda: 
•	Adoption of the IDA Purchasing Guidelines 
•	Approval of the Annual Financial Report
•	Adoption of the Audited Financial Statement

Those in Attendance: Ari Brown,  Fred Parola,  John Ryan, Ted Sasso.

Absent: Paul Conte, Lorraine Rhoads

The meeting was called to order at 8:40 by Ari Brown 

Review/Adoption of IDA Purchasing Guidelines:  After review of the Purchasing Guidelines, Fred Parola made a motion to adopt, Ted Sasso seconded the motion. All were in favor, motion carried. This guideline will be presented to the full board for adoption.

Adoption of the Annual Financial Report: Fred Parola made a motion to approve, Ted Sasso seconded the motion.  All were in favor, motion carried. This item is on the 3/23/11 meeting agenda for consideration by the full board.

Adoption of the 2010 IDA Audited Financial Statement: John Ryan made a motion to adopt The Audited Financial Statement for 2010, Ted Sasso seconded the motion.  All were in favor, motion carried. This item is on the 3/23/11 meeting agenda for consideration by the full board.

With all business concluded, the meeting was closed at 8:48

_______________________________
Respectfully submitted
Fred Parola, CEO/Executive Director