Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
IDA approves treasurer's report, authorizes payment of bills (Resolution 17-26)
Summary
The agency reviewed month-by-month account balances, revenues including pilot fees, and expenses for March–July; the board approved the treasurer's report and authorized payment of bills as Resolution 17-26 by voice vote.
At the Aug. 3 meeting, the Industrial Development Agency heard a treasurer's report presenting March through July account balances, revenue items and expenses, then approved the report and authorized payment of bills as Resolution 17-26.
Doug presented month-by-month figures for the M&T checking account and Hanover account, project deposits, interest revenue, and noted late PILOT fees received in May and July. Doug summarized: "the previous month, M and T checking account, March, had a balance of $29,000.24" and then gave figures for subsequent months. He also reported interest and a late pilot fee of $10,002.51 received in May and smaller late fees in July. Expenses and credit card charges for each month were noted in the report.
Following the presentation, a board member moved to accept the treasurer's report and authorize payment of bills; the chair identified the item as Resolution 17-26 and the motion passed on a voice vote. The transcript records no roll-call tally or further discussion on specific line items.
