Title
Proposed FY 2022 Second Quarter Budget Amendments
Body
Agenda of: April 27, 2022
Item No.: 2022-117
Amount: N/A
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: April 27, 2022
RE: Proposed FY 2022 Second 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 2022 Second Quarter Budget Amendments as presented; and authorizes the Interim Chief Executive Officer 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 March 25, 2022, which presents the proposed budget amendments for the second quarter of FY 2022. The reports included in this communication include the following.
1. Quarterly Budget Amendment Report for FY 2022 ending December 31, 2021.
2. Resolution Adopting the Budget Amendments through the Second Quarter of FY 2022.
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 March 25, 2022. The Audit Committee unanimously recommended that the Board of Directors for the Great Lakes ...
Click here for full text