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Glens Falls authorities approve year-end financials, audit engagements and change bank signers; board discusses moving cash into short-term CDs
Summary
Boards accepted the December 2025 financial report, approved audit engagement letters and changed authorized bank signers to add Mayor Diana Palmer; CEO proposed authorizing an additional $40,000 into a CD to earn higher interest on available cash.
Glens Falls public-authority members approved year-end financial reports, authorized audit engagements and changed bank signatories during a combined meeting on Jan. 2.
Mark (speaker identified in the record) presented the financial report for the 12 months ending Dec. 31, 2025, noting $33,500 of December income from 178 Maple Street and customary year-end accruals for payroll, rent and legal expenses. Jeff Flagg and finance…
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