Lake County, IL
File #: 21-1909    Version: 1 Name: Presentation of the Fiscal Year (FY) 2020 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: 11/29/2021 In control: Public Works, Planning & Transportation Committee
On agenda: Final action: 12/8/2021
Title: Presentation of the Fiscal Year (FY) 2020 Schedule of Income and Expenses for the County's Northwest System, Northeast Central System, and Southeast Sanitary Sewer Systems.
Attachments: 1. 21-1909 LCPW Northeast Central Wholesale Sewer System 2020, 2. 21-1909 LCPW Northwest Wholesale Sewer System 2020, 3. 21-1909 LCPW Southeast Wholesale Sewer System 2020

Title

Presentation of the Fiscal Year (FY) 2020 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 was conducted by an independent auditor.

                     In addition to the annual audit, RSM US LLP also prepared 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 2020 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, 2020 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.

 

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