Lake County, IL
File #: 19-1553    Version: 1 Name: Presentation of the Fiscal Year (FY) 2018 Schedule of Income and Expenses for the County’s Northwest System, Northeast Central System, and Southeast Sanitary Sewer Systems.
Type: communication or report Status: Completed
File created: 9/23/2019 In control: Public Works, Planning & Transportation Committee
On agenda: Final action: 10/2/2019
Title: Presentation of the Fiscal Year (FY) 2018 Schedule of Income and Expenses for the County's Northwest System, Northeast Central System, and Southeast Sanitary Sewer Systems.
Attachments: 1. 19-1553 PW Northeast Central Wholesale Sewer System.pdf, 2. 19-1553 PW Northwest Wholesale Sewer System.pdf, 3. 19-1553 PW Southeast Wholesale Sewer System.pdf

Title

Presentation of the Fiscal Year (FY) 2018 Schedule of Income and Expenses for the County’s Northwest System, Northeast Central System, and Southeast Sanitary Sewer Systems.

 

Staff Summary

                     An annual audit of the Public Works Department’s income and expenses is conducted by an independent auditor.

                     In addition to the annual audit, RSM US, LLP, was hired by the County to prepare an Independent Auditor’s Report on the Supplementary Information for the County’s Northwest System, Northeast Central System, and Southeast Sanitary Sewer Systems for FY 2018 in relation to the Public Works financial statements as a whole.

                     The information was subjected to the auditing procedures applied in the audit of the Public Works financial statements and other additional procedures in accordance with generally accepted auditing standards.

                     RSM issued an opinion that the information for the year ended November 30, 2018 is fairly stated in all material respects in relation to the financial statements as a whole.

                     This audit report provides a review of the financial statements and is presented for informational purposes only.  No committee or board action is required.

                     A copy of the respective regional audit report will be transmitted to the wholesale contract municipalities for their specific service area.