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New York State public authority · Jefferson County

1000 Islands RegionalLocal Development Corporation

Public records published under the New York State Public Authorities Law and Authorities Budget Office Policy Guidance 25‑02.

Financial reporting

Financials

Budgets and the four-year plan, the certified independent audit with its management letter, management's assessment of internal control, and the annual investment report. At least two years of each is kept posted.

Required financial records

PAL §2800

Retained two years

Awaiting document

Financial Reports

The annual financial picture, including the certified audit, any grant and subsidy programs, and the risks the corporation carries.

No document is currently posted for this item.

What New York State requires for this item
  • Includes the Certified Financial Audit under PAL §2802.
  • Grant and subsidy programs, if applicable.
  • Operating and financial risks, and the policies supporting their mitigation.
  • At least two years of financial information is maintained.

PAL §2800

Retained two years — official statements, two years from issuance

Not applicable

Schedule of Debt

An annual schedule of debt issued and redeemed, with the official statement for every issuance.

The corporation has not issued bonds or other debt. No schedule of debt or official statement is therefore posted. This statement will be replaced with the required schedule should the corporation issue debt.

What New York State requires for this item
  • Updated annually to include new bond and debt issuances and amounts redeemed.
  • A copy of each official statement for all debt issuances, including conduit debt, indicating the amount issued, the purpose, the use of proceeds and the recipient of proceeds.

PAL §2800 · PAL §2931

Retained two years

Awaiting document

Management's Assessment of the Authority's Internal Control Structure and Procedures

Management’s own annual evaluation of whether the corporation’s internal controls are working.

No document is currently posted for this item.

What New York State requires for this item
  • See ABO Recommended Practices: Model Assessment of Internal Controls.
  • Includes a description of operating and financial risks.
  • Must include a statement of whether management finds the internal controls are working as intended.

Posting deadlines

  • Completed annually

PAL §2801

Retained two years

Awaiting document

Annual Budget Report

The adopted budget, the four-year financial plan behind it, and the capital budget.

No document is currently posted for this item.

What New York State requires for this item
  • Details of the four-year financial plan.
  • Current and projected capital budget.
  • Financial and operating performance.

PAL §2802

Retained two years

Awaiting document

Certified Financial Audit

The independent auditor’s certified audit, together with the management letter and the report on internal controls.

No document is currently posted for this item.

What New York State requires for this item
  • Post the management letter and the report on internal controls.
  • Post the documents submitted as part of the Certified Financial Audit report in PARIS.
  • The management letter is a written communication from the independent auditor discussing findings and recommendations for improvements in internal control. If no management letter was issued, that must be clearly stated on the website.

PAL §2925 · ABO Policy Guidance 18-02

Retained policy permanently · investment reports two years

Partly posted

Investment Policies and Annual Investment Report

The investment guidelines, and an annual report that includes an independent audit of investment practices.

  • Investment and Deposit Policy

    DOCX · 208 KB · Dated September 2, 2026 · Posted September 14, 2026

    The policy only. PAL §2925 also requires an annual investment report carrying a written independent audit of investment practices, the record of investment income and the fees paid to each banker or agent. The PARIS report alone is not sufficient.

What New York State requires for this item
  • Post the annual Investment Report, including the investment audit results and management letter, a record of the investment income of the authority, and a list of fees paid for investment services.
  • Post an explanation for any amendments made to the Investment Policy.
  • The report must include the investment guidelines and any amendments since the last report, the results of the annual independent audit of investment practices, a record of investments, and a detailed list of total fees or commissions paid to each banker or agent.
  • The PARIS investment report on its own is not sufficient.
  • A written annual independent audit of all investment practices is required, covering scope and objectives, material weaknesses in internal controls, any non-compliance, and a statement of positive assurance.