The Authorities Budget Office (ABO) is committed to the principles of public disclosure and the transparent reporting of financial and management information. Public Authorities Law, as amended in 2005 by the Public Authorities Accountability Act, requires state and local authorities to report and disclose policies. The following reports are made available by the Hudson Development Corporation in compliance with the ABO mandates.
CERTIFIED FINANCIAL AUDIT REPORTS:
HDC Audited Financial Statements: September 2011
HDC Audited Financial Statements: September 2012
HDC Audited Financial Statements: September 2013
Notice: The HDC Board of Directors voted to adjust its October-September fiscal year to align with the calendar year fiscal year of the City of Hudson.
HDC Audited Financial Statements: December 2013
HDC Audited Financial Statements: December 2014
To satisfy the requirement of Sections 2800 (1) (a) (9) and 2800 (2)(a)(9) of Public Authorities Law, this statement certifies that the Hudson Development Corporation has followed a process that assessed and documented the adequacy of its internal control structure and policies for the year ending December 31, 2014. To the extent that deficiencies were identified, the authority has developed corrective action plans to reduce any corresponding risk.