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Lake County, IL
File #: 16-0645    Version: 1 Name: Report to Committee and presentation of the FY 2015 Audit for the Public Works Enterprise Fund.
Type: communication or report Status: In Committee
File created: 6/22/2016 In control: Public Works and Transportation Committee
On agenda: Final action: 6/29/2016
Title: Presentation of the fiscal year (FY) 2015 audit for the Public Works Enterprise Fund.
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Title

Presentation of the fiscal year (FY) 2015 audit for the Public Works Enterprise Fund.

 

Staff Summary

                     An annual audit of the Public Works Department’s Enterprise Fund is conducted as a separate audit from the County Corporate Fund, with revenues and expenses audited relative to water and sewer activities.

                     Baker Tilly Virchow Krause, LLP was hired by the County to conduct the Public Works’ Enterprise audit and has prepared a financial statements’ report in addition to a Management’s Discussion and Analysis for years ending 2014 and 2015.

                     Also included are statements of income and expenses for three regional sanitary systems as required under certain wholesale contract agreements.

                     Audit highlights and a review of the FY 2015 financial statements will be provided by Ms. Jodi Dobson, CPA, Partner of Baker Tilly Virchow Krause, LLP.