DiNapoli: Fairport Audits Reveal Unauthorized Practices for Economic Development Agencies
Officials with the Village of Fairport Industrial Development Agency (FIDA) made a series of financial and accounting transactions outside their legal authority, including granting $1 million worth of inappropriate gifts and commercial loans, according to an audit released today by State Comptroller Thomas P. DiNapoli. An audit of the Fairport Urban Renewal Agency (FURA) was also released today citing similar issues.