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Poughkeepsie IDA accepts state comptroller follow-up audit; approves invoices
Summary
At its Sept. 24 meeting the City of Poughkeepsie Industrial Development Agency accepted the Office of the State Comptroller's follow-up audit findings, approved several invoices including payment tied to the Rip Van Winkle closing, and reviewed escrow and checking account balances reported by the treasurer.
The City of Poughkeepsie Industrial Development Agency accepted the Office of the State Comptroller's follow-up audit findings and approved invoices during its Sept. 24, 2026 meeting.
Chair Rose Moffett summarized the comptroller's follow-up review of the agency's corrective actions and the agency voted to accept the report; the board also approved invoices and acknowledged the treasurer's report on escrow and checking account activity.
Randy Johnson, the IDA treasurer, presented the financial report. He told the board the escrow account for 34 Cannon Street was reported in the meeting as "3,063 thousand and $62.47," and that the escrow checking account included interest figures the minutes record as $3,078.69 and $5,021.72 in separate entries. He also reported a Britt Van Winkle escrow balance of $5,014.30 and said the IDA's checking-account balance from the last report was $4,455,533.51. Johnson identified invoice payments on the agenda that evening: an…
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