County of Chautauqua Industrial Development Agency (CCIDA)
AUDIT COMMITTEE
201 W Third, Jamestown, NY
February 10, 2020
9:00 a.m.
CCIDA Staff Present:
Richard Dixon, CFO
Kayla Strandburg, Controller
Committee Members Present:
Hans Auer
Also Present:
Dave DiTanna, BWB
Justin Isaman, BWB
Peter Mrazik, BWB
Meeting was called to order at 9:02 a.m.
DISCUSSION
Justin reviewed a PowerPoint discussing the scope of the audit and their responsibility.
Dave explained BWB education and the independent standards means there is less they can do as non-attest services.
Justin explained there were changes in the uniform guidance for Al Tech Federal Fund requirements with a bit more to look at during audit.
Structure of PILOT agreements with windfarms and solar will be looked at to determine recognition of revenue.
New Items: Mark brought up the creation of PEG and the bathometric survey for boat traffic on the Chadakoin River.
Dave mentioned new accounting standards for Governmental Fiduciary reporting in regards to 457 retirement plan & 401a employer funded retirement from GAAP & GAS.
Audit Committee to meet March 6th, 2020 at 9:30 am
Audit Presentation – March 17th at Board Meeting.
Meeting adjourned – 9:56 a.m.
