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Onondaga County Industrial Development Agency Audit Committee Meeting Minutes February 9, 2021 An Audit Committee meeting of the Onondaga County Industrial Development Agency was held on Tuesday, February 9, 2021 via Zoom Teleconference.
Chairperson Janice Herzog called the meeting to order at 8:02 am with the following:
PRESENT:
Janice Herzog Patrick Hogan
ABSENT:
Susan Stanezyk
ALSO PRESENT:
Robert Petrovich, Executive Director Nancy Lowery, Secretary Nate Stevens, Treasurer Karen Doster, Recording Secretary, Agency Jeff Davis Barclay Damon Law Firm Amanda Mirabito, Barclay Damon Law Firm Mike Lisson, Grossman St Amour PLLC Victor Ianno, Board Member Kevin Ryan, Board Member Fanny Villarreal, Board Member Robert Murray, Timothy Pecci, Glenn Mackay, OYA Camillus A & B LLC Jeremy Speich, Harris Beach Law Firm (Patrick Hogan shared information as to how the meeting will be conducted in light of COVID-19.) APPROVAL OF AUDIT COMMITTEE MEETING MINUTES — DECEMBER 8, 2020 Upon a motion by Patrick Hogan, seconded by Janice Herzog, the OCIDA Audit Committee approved the minutes of the December 8, 2020 meeting. Motion was carried.
Onondaga County Industrial Development Agency Audit Committee Meeting Minutes February 9, 2021 An Audit Committee meeting of the Onondaga County Industrial Development Agency was held on Tuesday, February 9, 2021 via Zoom Teleconference.
Chairperson Janice Herzog called the meeting to order at 8:02 am with the following:
PRESENT:
Janice Herzog Patrick Hogan
ABSENT:
Susan Stanezyk
ALSO PRESENT:
Robert Petrovich, Executive Director Nancy Lowery, Secretary Nate Stevens, Treasurer Karen Doster, Recording Secretary, Agency Jeff Davis Barclay Damon Law Firm Amanda Mirabito, Barclay Damon Law Firm Mike Lisson, Grossman St Amour PLLC Victor Ianno, Board Member Kevin Ryan, Board Member Fanny Villarreal, Board Member Robert Murray, Timothy Pecci, Glenn Mackay, OYA Camillus A & B LLC Jeremy Speich, Harris Beach Law Firm (Patrick Hogan shared information as to how the meeting will be conducted in light of COVID-19.) APPROVAL OF AUDIT COMMITTEE MEETING MINUTES — DECEMBER 8, 2020 Upon a motion by Patrick Hogan, seconded by Janice Herzog, the OCIDA Audit Committee approved the minutes of the December 8, 2020 meeting. Motion was carried.
Mike Lisson stated he submitted the Audit presentation in advance of this meeting. He stated from an auditing standpoint the procedures that need to be done this year are very similar to past years. He stated they will do a lot of substantive type tests in controls, process, cash and other areas. He stated the biggest 1
Mike Lisson stated he submitted the Audit presentation in advance of this meeting. He stated from an auditing standpoint the procedures that need to be done this year are very similar to past years. He stated they will do a lot of substantive type tests in controls, process, cash and other areas. He stated the biggest 1
Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution appointing Patrick Hogan as Chair, Janice Herzog as Vice Chair, Robert M. Petrovich as Executive Director, Nancy Lowery as Secretary, Nate Stevens as Treasurer, Karen Doster as Recording Secretary, Christopher Cox as Assistant Treasurer, Robert M. Petrovich as Freedom of Information Act Officer, Patrick Hogan as Freedom of Information Act Appeals Officer and Robert M. Petrovich as State Finance Law Contract (Procurement) Officer. Motion was carried.
Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution appointing Patrick Hogan as Chair, Janice Herzog as Vice Chair, Robert M. Petrovich as Executive Director, Nancy Lowery as Secretary, Nate Stevens as Treasurer, Karen Doster as Recording Secretary, Christopher Cox as Assistant Treasurer, Robert M. Petrovich as Freedom of Information Act Officer, Patrick Hogan as Freedom of Information Act Appeals Officer and Robert M. Petrovich as State Finance Law Contract (Procurement) Officer. Motion was carried.
Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution accepting the Governance Committee Report. Motion was carried.
Upon a motion by Fanny Villarreal, seconded by Susan Stanczyk, the OCIDA Board approved a resolution accepting the Governance Committee Report. Motion was carried.
Upon a motion by Steve Morgan, seconded by Fanny Villarreal, the OCIDA Board approved a resolution accepting the 2019 Annual Report. Motion was carried.
Upon a motion by Steve Morgan, seconded by Fanny Villarreal, the OCIDA Board approved a resolution accepting the 2019 Annual Report. Motion was carried.
Nancy Lowery stated there were no projects to review.
Upon a motion by Janice Herzog, seconded by Kevin Ryan, the OCIDA Board approved a resolution acknowledging no projects were induced that have not progressed. Motion was carried.
Nancy Lowery stated there were no projects to review.
Upon a motion by Janice Herzog, seconded by Kevin Ryan, the OCIDA Board approved a resolution acknowledging no projects were induced that have not progressed. Motion was carried.
Upon a motion by Fanny Villarreal, seconded by Steve Morgan, the OCIDA Board approved a resolution appointing for one year Barclay Damon, LLP as Agency Counsel; appointing for one year Bond, Schoeneck & King; Harris Beach, Nixon Peabody and Wood & Smith as Special Counsel; appointing for one year Grossman St. Amour PLLC as its Auditor. Motion was carried.
change this year from an auditing standpoint is they have to adopt a Yellow Book Audit Standards 2018 and is basically the professional standards they follow for the Board’s audits. He stated there is not a lot of major changes in how they are going to approach the audit but there is some documentation they have to do behind the scenes that further support their audit opinion. He stated the last two slides include new accounting and auditing things that are applicable to OCIDA but every single accounting standard and audit standard that was applicable was pushed off a full year due to COVID. He stated the effective date has been pushed off to 2021 for OCIDA. He stated there will be a lot of changes next year in how they
present including the communications and the audit opinion. He stated it is great to be reappointed as
auditors going forward and happy to be back again. He stated he is looking at a March 1 completion and communicate with the Board shortly after Pat Hogan stated the long standing commitment of Grossman St. Amour to OCIDA is great.
Upon a motion by Fanny Villarreal, seconded by Steve Morgan, the OCIDA Board approved a resolution appointing for one year Barclay Damon, LLP as Agency Counsel; appointing for one year Bond, Schoeneck & King; Harris Beach, Nixon Peabody and Wood & Smith as Special Counsel; appointing for one year Grossman St. Amour PLLC as its Auditor. Motion was carried.
change this year from an auditing standpoint is they have to adopt a Yellow Book Audit Standards 2018 and is basically the professional standards they follow for the Board’s audits. He stated there is not a lot of major changes in how they are going to approach the audit but there is some documentation they have to do behind the scenes that further support their audit opinion. He stated the last two slides include new accounting and auditing things that are applicable to OCIDA but every single accounting standard and audit standard that was applicable was pushed off a full year due to COVID. He stated the effective date has been pushed off to 2021 for OCIDA. He stated there will be a lot of changes next year in how they
present including the communications and the audit opinion. He stated it is great to be reappointed as
auditors going forward and happy to be back again. He stated he is looking at a March 1 completion and communicate with the Board shortly after Pat Hogan stated the long standing commitment of Grossman St. Amour to OCIDA is great. Upon a motion by Patrick Hogan, seconded by Janice Herzog, the OCIDA Audit Committee adjourned the meeting at 8:07 am. Motion was carried.
Nancy“Lowery, Seafttary Upon a motion by Patrick Hogan, seconded by Janice Herzog, the OCIDA Audit Committee adjourned the meeting at 8:07 am. Motion was carried.
Nancy“Lowery, Seafttary