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Glens Falls CDC approves 2024 audit engagement, accepts city transfer to cover prior obligations
Summary
At a Jan. 9 meeting, the Glens Falls Civic Development Corporation approved year-end reports, engaged an auditor for its 2024 audit and agreed to pay monthly bills after a city transfer cleared earlier short-term borrowing tied to prior audits.
Glens Falls Civic Development Corporation members on Jan. 9 approved their minutes and year-end financial report for the 12 months ending Dec. 31, 2024, engaged an auditor for the 2024 audit and approved payment of the bills listed on this month’s schedule A.
The actions follow a city transfer of funds that the corporation said will allow it to repay short-term borrowing from the Industrial Development Agency (IDA) and cover immediate bills. The group also…
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