Industrial Development Agency

Minutes of the City of Mount Vernon Industrial Development Agency November 9, 2023 A special meeting of the Board of Directors (“Board”) of the City of Mount Vernon Industrial Development Agency (“Agency”) was held on Thursday, November 9, 2023 in the Mayor’s Conference Room, City Hall, 1 Roosevelt Square, Mount Vernon, New York 10550 and via video conference. Present: Darren M. Morton, Ed.D Stephanie Vanderpool Brian Johnson, Esq. Adriane Saunders Excused: Hon. Shawyn Patterson-Howard Absent: None Also Present: Michael Curti, Esq., Harris Beach PLLC Julie Marshall, Harris Beach PLLC (via remote meeting) Robin Mack, Director of Business Development Linda Hannigan, CPA, RBT CPAs LLC (via remote meeting) The meeting was called to order at 9:18 AM by Vice-Chair Morton. A quorum of members was present. Presentation of 20202 Audit Report Linda Hannigan presented the draft 2022 audit report. She stated that there is a new requirement, GASB 87, which requires the IDA to recognize the lease receivable and a deferred inflow of resources. Ms. Hannigan reported that RBT will issue a clean opinion. There is one material weakness and 2 findings; a significant improvement over prior years. The final audit report will be presented at the Annual Meeting, which is scheduled for November 30th . There being no further business, a motion was made by B. Johnson, seconded by S. Vanderpool to adjourn the meeting. The motion was unanimously adopted at 9:38 AM. Respectfully submitted by Julie Marshall