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File #: 2019-228    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/10/2019 In control: Board of Directors Workshop Meeting
On agenda: 6/12/2019 Final action: 6/12/2019
Title: 1900933 External Auditor Services
Sponsors: Nicolette Bateson
Indexes: Finance
Attachments: 1. Procurement Report - External Auditor.pdf, 2. External Auditor Evaluation Tabulation and Fees 6.12.2019.pdf, 3. Vendor Response - External Auditor.pdf
1900933 External Auditor Services

Agenda of: June 12, 2019
Item No.: 2019-228

TO: The Honorable
Board of Directors
Great Lakes Water Authority

FROM: Robert J. Daddow
Audit Committee Chairman
Great Lakes Water Authority

DATE: June 12, 2019

RE: Contract No. 1900933
External Auditor Services
Vendor: Baker Tilly Virchow Krause, LLP

Pending recommendation of the Audit Committee, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), authorizes a contract in an amount not to exceed Seven Hundred Six Thousand, Eight Hundred Eighty-Eight and 00/100 Dollars ($706,888.00) which includes $189,400 for the audit of the annual financial statements for FY 2019, $195,296 for FY 2020, $201,192 for FY 2021, $21,000 allowance for costs for consent letters at $7,000 per bond transaction, and $100,000 for other technical services, between the GLWA and Baker Tilly Virchow Krause, LLP to serve as the External Auditor of the GLWA for a term of three (3) years, and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.
According to the Articles of Incorporation, Article 7J, the Audit Committee shall, once every three (3) years, recommend three (3) independent certified public accounting firms that, in the judgment of the Audit Committee, possess sufficient resources and qualifications to conduct annual financial audits of the accounts of the Authority. From the three recommendations of the Audit Committee, the Board may select the independent certified public accounting firm with whom the Authority shall execute an agreement to conduct annual financial audits for the succeeding three (3) fiscal years of the accounts of the Authority.

As required by the Articles, the Audit Committee has reviewed and is forwarding the following three (3) firms for consideration by the full Board in selecting the External Auditor for GLWA.
See attached Procurement Report ...

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