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WEDC Audit Committee notes loan payoffs, including repayment of late‑1980s write‑off

WCIDA / WEDC / WCCFDC Audit & Finance Committees · January 27, 2026
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Summary

At the Jan. 27 WEDC Audit Committee meeting, staff reported loans closed by year‑end 2025, a loan fully paid off in 2025, and the full repayment of a loan written off in the late 1980s; the committee approved minutes and raised no questions.

The WEDC Audit Committee met Jan. 27, 2026, in Lyons, N.Y.; Ms. Amanda McDonald presided and the committee approved the December 2025 minutes following a motion by Mr. Kenneth VanFleet, seconded by Ms. McDonald.

Deputy Director Katie Bronson presented the Bi‑Annual Financial Review, telling members the report includes loans that closed by year‑end 2025, a loan that was fully paid off in 2025, and a full repayment of a loan previously written off in the late 1980s. The minutes record no follow‑up questions or requested actions.