Lake County, IL
File #: 13-1012    Version: 1 Name: Presentation of Regional Financial Reports
Type: communication or report Status: Filed
File created: 9/17/2013 In control: Public Works and Transportation Committee
On agenda: Final action: 10/2/2013
Title: Report on the FY2011 and FY2012 statements of income and expenses for the County’s three regional wastewater systems.
Attachments: 1. 13-1012 Regional NEC Financial Report, 2. 13-1012 Regional NW Financial Report, 3. 13-1012 Regional SE Financial Report
Title
Report on the FY2011 and FY2012 statements of income and expenses for the County's three regional wastewater systems.
 
Staff Summary
·      An annual review of the Public Works Department's income and expenses is conducted by an independent accountant to provide a report on the County's three regional sanitary systems, as required under certain wholesale contract agreements.
·      Baker Tilly Virchow Krause, LLP, was hired by the County to prepare an independent accountants' report for the County's Northwest System, Northeast Central System, and Southeast Sanitary Sewer Systems for FY2011 and FY2012.
·      The report provides a review of the financial statements and will be presented by Mr. John Andres, Partner with Baker Tilly.
·      A copy of the respective regional statement will be transmitted to the wholesale contract municipalities for their specific service area, including: the Village of Fox Lake, Lake Villa, Round Lake, Round Lake Beach, Round Lake Park, Round Lake Heights, Lakes Region Sanitary District, Hainesville, Grayslake, Gurnee, Waukegan, Lake Zurich, Kildeer, Buffalo Grove, Lincolnshire, and Utilities, Inc.