County of Chautauqua Industrial Development Agency (CCIDA)
201 W Third Street, Jamestown, NY
October 23, 2018
CCIDA Staff Present:
Mark Geise, Director/CEO
Richard Dixon, CFO
Rosemarie Strandburg, Executive Assistant
Matt Mazgaj, Counsel
Greg Peterson, Counsel
Kayla Strandburg, Assistant CFO
Committee Members Present:
Committee Members Absent:
Also in Attendance:
- Stafford, Observer
Meeting was called to order at 9:37 a.m.
I would like to call to order the Governance Committee of the County of Chautauqua Industrial Development Agency. We are at the SUNY Fredonia Technology Incubator at 214 Central Ave, Dunkirk NY It is December 18th, 2018 and it is 9:37 a.m. For this meeting we do not need quorum, we just need to have representation. I would like to entertain the approval of the prior minutes from October 23rd, 2018.
So moved Mr. Chairman.
Thank you Mr. Odell. Any changes, comments, revisions?
All those in approval?
Minutes Carried and approved.
Let’s review the Revenue Recognition Policy.
As part of the 2017 audit, the accountants recommended that we develop a Revenue Recognition Policy. This came about because of administrative fees that we are stretching out over time and when we would recognize them. Explained why Goods and Services were included and did advise that CREDC would adopt this as well. Explained each paragraph and provided examples.
We also want to make sure that we match revenues with expenses.
Mark do you have any questions or concerns regarding this?
My only question was going to be if this would apply to CREDC but you have already answered that.
Any other questions or comments?
I would look for a motion to approve this as presented.
So moved Mr. Chairman.
Any other further discussion?
All those in favor?
Who is going to discuss the Social Medial Policy?
Discussed his connection with CCVB and their Social Media Policy that they are adopting. Wanted to bring it to the attention of the board and the possibility of discussing it more at a future meeting. Explained the implications of employees using social media and how it affects who they are representing/employer. Reviewed CCVB’s Social Media Policy and read direct quotes from said policy.
My suggestion would be that we bring it to the board for distribution for review and to identify how it would affect them personally.
That is a good idea. I don’t see an issue with the current times but it is good to have it in case something comes up.
I think it is a good policy. We have run in to issues in the past so I think it is prudent that we have a policy. I think given the length and the nature, we need the board to have time to review it.
I would suggest we remove CCVB and replace it with CCIDA.
Why don’t we write it as we would propose it.
Mark, your thoughts?
I would agree and concur. Has this policy already been adopted by CCVB?
It has been adopted.
Who controls the IDA’s social media now?
Our consultant Gretchen Lindell that does all that for us.
LECOM has its own and we are constantly posting on there but that is more work content than it is personal.
This would also apply to Board members so that they couldn’t post something associate with the IDA.
This says that it applies to employees Mark.
I think we should have it include the Board.
Mark are you comfortable that they would bring it to the board?
Mark we need to have another Governance Committee meeting in January or February so we can do it then Mark.
We could send it to the Board members prior to the meeting.
Any other business to come before the Governance Committee?
We are now going to enter executive session.
Executive Session Begins at 9:44 a.m.
Executive Session Ends at 10:04 a.m.
I would like to request an adjournment of the Governance Committee Meeting. Do I have a motion?
So moved Mr. Chairman
Meeting adjourned at 10:04 a.m.
(Assistant) Secretary (Vice) Chairman