Meeting Minutes
July 28, 2011 Annual Meeting
The Annual Meeting of the City of Hornell Industrial Development Agency was held on Thursday, July 28, 2011, at noon, at 40 Main Street, Hornell, NY.
PRESENT
Samuel Nasca, Chair
George Prete, Vice Chair
Joseph Foreman, Secretary
Shawn Hogan, Treasurer
David Parmley, Asst. Treasurer
ABSENT
None
ALSO
James W. Griffin, CEO, Consultant
Wanda White, Admin. Asst.
Wayne Drescher, Auditor
James Rahmlow, CPA
Andrew Poole, Reporter
John Dagon, Attorney
Chairman Samuel Nasca opened the meeting at 12:20 PM.
MINUTES – Secretary Joseph Foreman presented the minutes of the 6/23/2011 meeting. A motion was made by Dave Parmley, seconded by George Prete to accept the minutes of the 6/23/11 meeting. Carried All.
FINANCIAL REPORT – Treasurer Shawn Hogan presented the financial reports for the month of June 2011. A motion was made by Joseph Foreman, seconded by George Prete to accept the financial reports as presented. Carried All.
AUDIT COMMITTEE – Audit Committee Chairperson, George Prete presented the audit report for July 2010. He stated that the Audit Committee had met on 7/28/2011 and approved bills in the amount of $81000.76. A motion was made by Dave Parmley, seconded by Joe Foreman to approve the actions of the Audit Committee. Carried All.
PERSONNEL COMMITTEE – No Report
GOVERNANCE COMMITTEE – Chairman Nasca stated that the reporting error on the State Comptrollers report had been corrected. He also informed the Board that due to the State owing the federal government over $3 billion, that all employers in New York State would be billed an additional $21.25 for unemployment taxes to make up the shortage. A motion was made by Dave Parmley, seconded by Joseph Foreman to approve the governance report as presented. Carried All.
ANNUAL AUDIT – Wayne Drescher, The Agencies Auditor from Drescher & Malecki presented the 4/1/10 – 3/31/11 Audit Report for the City of Hornell Industrial Development Agency. Drescher stated that the Audit was of clean opinion and no issues were found. Drescher also stated that the Agency had a strong cash position even in these hard economic times. After discussion of the Audit, Chairperson Nasca thanked the Wayne for a job well done and asked for Board approval. A motion was made by Dave Parmley, seconded by George Prete to approve the 3/31/11 Audit. Carried All.
Wayne Drescher stated also that the $55,000 investment to the Chamber was now on the books.
ELECTION OF OFFICERS – Nominating Committee Chairman George Prete recommended the following Slate of Officers to the Board:
Samuel Nasca – Chairperson
George Prete – Vice Chairperson
Joseph Foreman – Secretary
Shawn Hogan – Treasurer
Dave Parmley – Asst. Treasurer
A motion was made by Dave Parmley, seconded by George Prete to accept the slate of officers as presented. Chairperson Nasca requested the Secretary to cast one ballot for the 2011-2012 officers. Carried All.
APPOINTMENTS – Chairperson Nasca also stated he had appointed three Sub Committees in February 2007, as required by PAAA, and they would remain for years 2011-2012:
Audit Committee – George Prete – Chairperson
Joseph Foreman – Member
Dave Parmley – Members
Personnel Committee – Shawn Hogan – Chairperson
George Prete – Member
Dave Parmley – Member
Governance Committee – Samuel Nasca – Chairperson
Shawn Hogan – Member
Joseph Foreman – Member
Chairperson Nasca also made the following appointments for 2011-2012:
James Griffin – CEO
Shawn Hogan – CFO
A motion to accept the appointments was made by George Prete, seconded by Dave Parmley. Carried All.
The following Designations were announced by Chairperson Nasca:
John Dagon – Agency Attorney
Harris Beach – Bond Consul
Dresher & Malecki – Auditors
Jim Rahmlow – MMB, CPA
Evening Tribune – Official Newspaper
A motion was made by David Parmley, seconded by George Prete to accept the designations as presented. Carried All.
Chairperson Nasca summarized his annual report to the Mayor and the Agency.
Chief Executive Officer James Griffin summarized his annual report.
