Audit Objective 

Determine whether the Rensselaer County (County) Capital Resource Corporation (RCCRC) establishment complied with applicable requirements and the RCCRC’s sale of property aligned with its purpose.

Audit Results 

The RCCRC’s establishment met applicable requirements and its sale of property aligned with its purpose. RCCRC officials: 

• Adopted a mission statement, established required committees, submitted required reports and met other requirements.
• Ensured RCCRC’s transactions aligned with its purpose and were conducted in accordance with its bylaws and acquisition and disposition policies.
• Followed policies and procedures for the sale of property and transferred proceeds totaling $420,713 to the County.

There were no recommendations as a result of this audit.

RCCRC officials agreed with our findings.