Ithaca redevelopment board approves clean 2024 audit; committee elects Donna Fleming vice chair

The Ithaca Redevelopment Agency board on April ??? approved the agency’s 2024 financial audit and related public-authority filings after the audit committee reported a clean audit and recommended the report for board approval.

The audit committee also elected Donna Fleming as its vice chair and nominated Carl Graham to continue as committee chair; the nominations were seconded and approved by the committee and board without recorded opposition.

The audit, prepared by Ancero and Company and reviewed by the governance committee, contained no material weaknesses or findings, the committee reported. “Once again, we got a clean audit,” Carl Graham, chairperson, said at the audit committee meeting. Nels, a finance staff member, told the board the audit was prepared on a modified-accrual basis and noted the financial picture was generally stable but signaled concern about future revenues. “The bad news…is that we’re not keeping up with our expenses or our expenses are exceeding our…