Glens Falls public authorities elect officers, accept audits and PARIS reports at annual meeting

The Glens Falls Industrial Development Agency and three affiliated public authorities approved officer elections, accepted independent auditors' reports for fiscal year 2024 and moved their 2025 governance and PARIS filings forward during their joint annual meeting March 27 in Glens Falls.

Board members across the Industrial Development Agency (IDA), Local Development Corporation (LDC), Civic Development Corporation (CDC) and Urban Renewal Agency (URA) voted to adopt the nominating committee's slate of officers and committee appointments for the year beginning March 31, 2025. Judy Calogero presided as chair for the public-authority meetings; the slate listed Denise Conklin as treasurer, Dr. John Cortes as secretary, Jeff Flagg and Pat (Patrick) Dowd as chief executives for different authorities, Mark Toomey as chief financial officer, and Carol Laias as counsel.

The meeting included presentations of independent auditors' reports. Jean Lapper, accounting firm representative, told the authorities their auditors issued unqualified opinions for the 2024 financial statements, reading from the audit opinion: "In our opinion, the financial statements referred to above present fairly in all material respects the respective financial position ... as of 12/31/2024, and the respective changes in financial position and cash flows thereof in accordance with GAAP." Lapper also reported no material internal-control deficiencies were identified in the audits presented to the boards.

Board members approved the combined PARIS report (the Public Authorities Reporting Information System submissions required by the New York State Authorities Budget Office) for each agency, and they confirmed no changes to mission statements, bylaws, policies or the five-year budgets as presented in the packet. The boards also accepted attendance reports and scheduled filings.

The assemblies authorized administrative filings and routine items required by state rules. For the IDA, the board moved to authorize Chair Judy Calogero to sign the agency's ST-62 (annual report form) for fiscal year 2024. Financial reports for February 28, 2025, were accepted and routine payments on schedule A (legal/accounting/payroll-related items) were approved for payment.

The boards noted that the audits and governance documents will be posted to agency websites and the NYS portal as required.

Less-critical administrative matters — including approval of minutes, acceptance of committee reports, and continuation of current policies — concluded the annual-session portion of the meetings.

The authorities said the audit reports, PARIS filings and routine votes are administrative steps that keep the public authorities compliant with New York State requirements; the filings and auditors' reports will be published to the state's portal and the agencies' websites as part of the record-keeping obligations.