Title
Authorize completion and filing of Audit and Related Draft Financial Reports Pertaining to the Fiscal Year Ended June 30, 2021
Body
Agenda of: December 8, 2021
Item No.: 2021-467
Amount: Not Applicable
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Interim Chief Executive Officer
Great Lakes Water Authority
DATE: December 8, 2021
RE: Authorize completion and filing of Audit and Related Draft Financial Reports Pertaining to the Fiscal Year Ended June 30, 2021
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 presented with this communication pertaining to the fiscal year ended June 30, 2021 and authorize staff to proceed with the completion and filing of the final, audited Annual Comprehensive Financial Report and Schedule of Expenditures of Federal Awards before the due dates required for state, federal, and other purposes; and authorizes the Interim CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
ARTICLE XII, Section 2 of the GLWA By-laws states the following:
The Board shall obtain an annual audit of the GLWA's financial statements by an independent certified public accountant and report on the audit and auditing procedures in accordance with state law and generally accepted government auditing standards, as well as federal grant compliance audit requirements. The Board shall furnish at least two copies of the annual audit to each Incorporating Municipality. The audited financial statements shall be posted on the GLWA's website. In addition, the audited financial statements shall be filed with the Michigan Department of Treasury upon approval of the GLWA Board.
The audited financial reports for the Great Lakes Water Authority (GLWA) for the year ended June 30, 2021 ...
Click here for full text