CREDC Financial Reports

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Report on Operations and Accomplishments

{Coming Soon}

County of Chautauqua Industrial Development Agency
Assessment of the Effectiveness of Internal Control Structure and Procedures

The management of the Agency is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for the external reporting purposes in accordance with accounting principles generally accepted in the Unites States of America. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Management has assessed the effectiveness of the Agency’s internal control over financial reporting as of December 31, 2016, and has concluded that based on its assessment, the Agency’s internal control over the financial reporting was effective as of December 31, 2016.

INVESTMENT REPORT

The Agency had limited funds in certificates of deposit during the year and they are covered by federal depository insurance.

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