0001162044-24-000599.txt : 20240607
0001162044-24-000599.hdr.sgml : 20240607
20240607141246
ACCESSION NUMBER: 0001162044-24-000599
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20240331
FILED AS OF DATE: 20240607
DATE AS OF CHANGE: 20240607
EFFECTIVENESS DATE: 20240607
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Adirondack Funds
CENTRAL INDEX KEY: 0001311981
ORGANIZATION NAME:
IRS NUMBER: 201993634
STATE OF INCORPORATION: OH
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21691
FILM NUMBER: 241028742
BUSINESS ADDRESS:
STREET 1: 2390 WESTERN AVENUE
CITY: GUILDERLAND
STATE: NY
ZIP: 12084
BUSINESS PHONE: 518-690-0470
MAIL ADDRESS:
STREET 1: 2390 WESTERN AVENUE
CITY: GUILDERLAND
STATE: NY
ZIP: 12084
0001311981
S000004764
Adirondack Small Cap Fund
C000012957
Adirondack Small Cap Fund
ADKSX
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0001311981
XXXXXXXX
false
false
false
N-1A
S000004764
C000012957
Adirondack Funds
811-21691
0001311981
54930096PEQ7NXEFKK26
2390 Western Avenue
Guilderland
12084
US-NY
US
518-690-0470
Adirondack Funds
2390 Western Avenue
Guilderland
12084
518-690-0470
All accounts, books and documents required to be maintained by the Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3 thereunder are maintained at the office of the Registrant except all those relating to the activities of the Fund's Custodian, Transfer Agent and Shareholder Servicing Agent.
Mutual Shareholder Services, LLC
8000 Town Centre Drive, Suite 400
Broadview Heights
44147
440-922-0066
All accounts, books and documents required to be maintained by the Transfer Agent, Fund Accounting Agent and Shareholder Servicing Agent pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3.
Huntington National Bank
41 South High Street
Columbus
43215
614-331-9838
All accounts, books and documents relating to the activities of the Fund's Custodian.
Adirondack Research & Management, Inc.
2390 Western Avenue
Guilderland
12084
518-690-0470
Maintains records relating to its function as the investment adviser to the Fund.
N
N
N
N-1A
1
Y
Kevin Gallagher
N/A
N
Wade Coton
N/A
N
Norman Joseph Plourde
N/A
N
Jarrod H. Becker
N/A
45 Nashville Road
Jericho
05465
XXXXXX
N
N
N
N
N
N
N
N
Sanville & Company
169
N/A
N
N
N
N
N
N
N
The Adirondack Small Cap Fund
S000004764
54930083FMYYVP37Z732
N
1
0
0
N/A
N
N
Y
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 18f-4 (17 CFR 270.18f-4)
Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))
Y
Y
Y
N
Adirondack Research & Management, Inc.
801-63015
000130987
N/A
N
Mutual Shareholder Services, LLC
084-05821
N/A
N
N
N
SUNGARD/FIS MARKETMAP ANALYTIC PLATFORM
N/A
N
Bloomberg
N/A
N
N
The Huntington National Bank
2WHM8VNJH63UN14OL754
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Mutual Shareholder Services, LLC
N/A
N
N
N
N
BTIG, LLC
008-65473
000122225
549300GTG9PL6WO3EC51
71623.7
VIRTU AMERICAS LLC
008-68193
000149823
549300RA02N3BNSWBV74
1376.73
73000.43
0
Y
34173352.92
N
N
N
N
false
false
true
false
false
false
INTERNAL CONTROL RPT
2
adirondackicl.txt
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Trustees
of the Adirondack Small Cap Fund, a Series of
the Adirondack Funds
In planning and performing our audit of the financial statements of The
Adirondack Small Cap Fund (the "Fund"), a series of the Adirondack Funds as of
and for the year ended March 31, 2024, in accordance with the standards of the
Public Company Accounting Oversight Board (United States) (PCAOB), we considered
the Fund's internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial statements and to comply
with the requirements of Form N-CEN, but not for the purpose of expressing an
opinion on the effectiveness of the Fund's internal control over financial
reporting. Accordingly, we express no such opinion.
The management of the Fund is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. A company's internal control
over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted
accounting principles (GAAP). A company's internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with GAAP, and that receipts
and expenditures of the company are being made only in accordance with
authorizations of management and trustees of the company; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of a company's assets that could have a material
effect on the financial statements.
Because of inherent limitations, internal control over financial reporting may
not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the design
or operation of a control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Fund's annual or interim financial statements will not be prevented or detected
on a timely basis.
Our consideration of the Fund's internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be material
weaknesses under standards established by the PCAOB. However, we noted no
deficiencies in the Fund's internal control over financial reporting and its
operation, including controls over safeguarding securities, that we consider to
be a material weakness as defined above as of March 31, 2024.
This report is intended solely for the information and use of management and the
Board of Trustees of the Adirondack Small Cap Fund, a Series of the Adirondack
Funds and the Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.
/S/ SANVILLE & COMPANY
Huntingdon Valley, Pennsylvania
May 17, 2024