Title
Proposed FY 2021 Fourth Quarter Budget Amendments
Body
Agenda of: June 23, 2021
Item No.: 2021-245
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority
DATE: June 23, 2021
RE: Proposed FY 2021 Fourth Quarter Budget Amendments
MOTION
Upon recommendation of Nicolette Bateson, Chief Financial Officer/Treasurer, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), approves the Proposed FY 2021 Fourth Quarter Budget Amendments as presented; and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
The founding legal documents for the Great Lakes Water Authority (GLWA) provide a structure for budget preparation, adoption, and amendment. The Board of Directors adopts a biennial budget by resolution which specifies appropriation amounts which may be modified through budget amendments. To the extent that there is a proposed amendment of the budget among the appropriation categories, the matter is brought to the Audit Committee for review and consideration of a recommendation to the Board of Directors for their consideration for approval.
JUSTIFICATION
Attached is the communication to the Audit Committee dated June 21, 2021 which presents the proposed budget amendments for the fourth quarter of FY 2021. The reports included in this communication include the following.
1. Quarterly Budget Amendment Report for FY 2021 ending June 30, 2021.
2. Resolution Adopting the Budget Amendments through the Fourth Quarter of FY 2021.
BUDGET IMPACT
The overall budget, despite amendment, continues to be balanced.
COMMITTEE REVIEW
This matter was reviewed by the Audit Committee at its meeting on June 21, 2021. The Audit Committee unanimously recommends that the Board of Directors for the Great Lakes Water Authority adopt the proposed FY 2021 fourth quarter budget amendments.
SHARED SERVICES IMPACT
This item does not impact the shared services agreement between GLWA and DWSD.