County of Chautauqua Industrial Development Agency (CCIDA)
201 W Third, Jamestown, NY
March 19, 2019
CCIDA Staff Present:
Mark Geise, CEO
Richard Dixon, CFO
Kayla Strandburg, Controller
Committee Members Present:
Mike Metzger- phone
Kelly DuBois- phone
Dave DiTanna, BWB- phone
Meeting was called to order at 1:34 p.m.
Dave started by telling the committee that the audit was clean and there were no major findings then he went on to go over the balance sheet items.
Mike asked about the $252k in assets which was confirmed that the asset is the Jamestown Airport hangar.
Dave continued on with going over the profit and loss statement. Then we confirmed that the Revenue Recognition policy was approved at the February Board meeting and In-Kind Donations is going away in 2018.
Mike had to leave the meeting at 2:07 but voted to approve the audit findings.
The committee accepted the Capitalization Policy from the prior year, we briefly discussed the Deferred Revenue from Loans/Grants and stated Rich, Kayla and Dave would go over the grant receiving process with Harry Sicherman after this meeting.
Hans seconded the motion by Mike (earlier) to approve the audit findings, Kelly and Mark are both in favor.
Audit Presentation – March 26th at Board Meeting.
Meeting adjourned – 2:15 p.m.