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File #: 2020-438    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/2/2020 In control: Board of Directors
On agenda: 12/17/2020 Final action: 12/17/2020
Title: Approval of Audit and Related Draft Financial Reports Pertaining to the Fiscal Year Ended June 30, 2020
Sponsors: Nicolette Bateson
Indexes: Finance
Attachments: 1. 6 GLWA BOD CAFR Memo and Support, 2. 6A FY 2020 Annual Financial Audit Update Memo 12-4-2020, 3. 6A6 FY 2020 CAFR Highlights, 4. 6A2 GLWA Audit Presentation 12-4-2020, 5. 6A3 GLWA Audit Results Draft 12-4-2020, 6. 6A1 GLWA CAFR Draft as of 12-2-2020, 7. 6A5 Great Lakes Water Authority SA 6-30-20 Final 11-6-2020, 8. 6A4 Draft Management Letter
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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