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Cayuga County Development Corporation – CCDC FY2016 Audited Financial Statements – Management Discussion & Analysis CCDC Audited Financial Statements FY2016 Page 1 Cayuga County Development Corporation FY 2016 Audited Financial Statements MANAGEMENT DISCUSSION AND ANALYSIS Introduction The Cayuga County Development Corporation (CCDC) annually conducts an independent financial audit. The FY2016 CCDC Annual Independent Financial Audit looked closely at the finance, internal controls and investments of the CCDC and reported its findings in the CCDC financial audit report. The FY2016 Management Discussion & Analysis is excerpted and presented herein. ---PAGE BREAK--- ---PAGE BREAK---