Lake County, IL
File #: 15-0626    Version: 1 Name: Report to Committee and presentation of the FY 2014 Audit for the Public Works Enterprise Fund
Type: resolution Status: In Committee
File created: 5/28/2015 In control: Public Works and Transportation Committee
On agenda: Final action: 6/3/2015
Title: Presentation of the fiscal year (FY) 2014 audit for the Public Works Enterprise Fund.
Attachments: 1. 15-0626 LCPW 2014 Communication Report, 2. 15-0626 LCPW 2014 Financial Statement, 3. 15-0626 LCPW Report to Committee, 4. 15-0626 Regional Presentation, 5. 15-0626 LCPW Northeast Central AUP Report, 6. 15-0626 LCPW Northwest AUP Report, 7. 15-0626 LCPW Southeast AUP Report
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Title
Presentation of the fiscal year (FY) 2014 audit for the Public Works Enterprise Fund.
 
Staff Summary
·      An annual audit of the Public Works Department is conducted as a separate audit from County Corporate as an Enterprise Fund with funding generated via water and sewer user fees.
·      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 letter for FY 2014.
·      Statements of income and expenses for three regional sanitary systems are also included, as required under certain wholesale contract agreements.
·      Audit highlights and a review of the FY 2014 financial statements will be provided by Mr. John Andres, CPA, Partner of Baker Tilly Virchow Krause, LLP.