Title
Approval of Audit and Related Draft Financial Reports Pertaining to the Fiscal Year Ended June 30, 2020
Body
Agenda of: December 17, 2020
Item No.: 2020-438
Amount: Not Applicable
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority
DATE: December 17, 2020
RE: Approval of Audit and Related Draft Financial Reports Pertaining to the Fiscal Year Ended June 30, 2020
MOTION
Upon recommendation of Nicolette N. Bateson, Chief Financial Officer/Treasurer, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), moves to receive and file the Reports Pertaining to the Fiscal Year Ended June 30, 2020 Financial Audit (the FY 2020 Comprehensive Annual Financial Report, the FY 2020 Single Audit Act Compliance Report, and the FY 2020 Independent Auditor's Communication with those Charged with Governance) and authorizes staff to proceed with the completion and filing of the annual audit prior to the due date with the state of Michigan before December 31, 2020; and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
GLWA's fourth full twelve-month financial audited financial reports for the Great Lakes Water Authority (GLWA) for the year ended June 30, 2020 are nearly complete. The final step is review by the GLWA Board of Directors and requested approval. This will enable staff to file those reports with the state of Michigan Department of Treasury, the federal clearinghouse for the single audit report, and the Electronic Municipal Market Access system ("EMMA") for Municipal Securities Rulemaking Board ("MSRB") requirements, and others in a timely manner by December 31, 2020.
JUSTIFICATION
The following are attached pertaining to the Fiscal Year Ended June 30, 2020.
include Presentation by Ms. Jodi Dobson, Partner, BakerTilly (external auditor)
1. Memo from ...
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