Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
Audit committee accepts 2025 audit after auditor reports clean opinion
Summary
Auditor Shanna Manise told the board the 2025 financial statements received a clean opinion with no compliance or internal-control findings; the audit showed a $33,000 increase in net position driven by property sales and the committee approved the audit report.
The audit committee accepted the 2025 audit after the auditor reported a clean opinion and no compliance or internal-control findings.
Auditor Shanna Manise, joining by phone, told the board that current assets rose by $56,000, largely from property sales, and that $8,000 was due from the city. She said long-term assets and liabilities fell proportionately after two property sales and one property was returned to the city (135 Linden). "For 2025 there was a $33,000 increase in your net position, which means your revenues were more than your expenses," Manise said.
Committee members initially experienced technical problems bringing the auditor online; after the presenter summarized the financial highlights the chair moved to approve the audit and Jean Francois seconded. The committee confirmed there were no outstanding audit findings and approved the audit on the record.
Why it matters: A clean audit and an increase in net position indicate the authority met reporting and compliance obligations for 2025 and finished the year with revenues exceeding expenses. The audit will be part of the record submitted with the annual and PARIS reports to New York State.
What happens next: The board recorded its approval and authorized officers to finalize the audit materials for submission as part of the regular reporting process.
