Great Lakes Water Authority Logo
File #: 2023-067    Version: 1 Name:
Type: Budget Status: Passed
File created: 2/17/2023 In control: Board of Directors
On agenda: 4/26/2023 Final action: 4/26/2023
Title: Resolution to Approve the FY 2023 Second Quarter Budget Amendments
Sponsors: Nicolette Bateson
Indexes: Finance
Attachments: 1. 7A2 FY 2023 Second Quarter Budget Amendment Report, 2. 7A3 Addendum 1 FY 2023 Second Quarter Budget Amendment Report cover, 3. 7A4 Addendum 1 FY 2023 Second Quarter Budget Amendment Report, 4. 7A5 Addendum 2 FY 2023 Second Quarter Budget Amendment Report cover, 5. 7A6 Addendum 2 FY 2023 Second Quarter Budget Amendment Report, 6. 7A7 FY 2023 Second Quarter Budget Amendment Resolution

Title

Resolution to Approve the FY 2023 Second Quarter Budget Amendments

Body

 

Agenda of:                      March 22, 2023, April 26, 2023

Item No.:                     2023-067

Amount:                     N/A                                                                                                                                                                                                                                       

 

TO:                                          The Honorable

Board of Directors

Great Lakes Water Authority

 

FROM:                     Suzanne R. Coffey, P.E.

                                          Chief Executive Officer

                                          Great Lakes Water Authority

 

DATE:                     February 24, 2023

 

 

RE:                                          Resolution to Approve the FY 2023 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 FY 2023 Second Quarter Budget Amendments as presented; and authorizes the 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 February 24, 2023, which presents the proposed budget amendments for the second quarter of FY 2023.  The reports included in this communication include the following.

1.                     Quarterly Budget Amendment Report for FY 2023 ending December 31, 2022.

 

2.                     Resolution Adopting the Budget Amendments through the Second Quarter of FY 2023.

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 February 24, 2023.  The Audit Committee unanimously recommended that the Board of Directors for the Great Lakes Water Authority adopt the proposed FY 2023 second quarter budget amendments. 

SHARED SERVICES IMPACT

This item does not impact the shared services agreement between GLWA and DWSD.