City of Madison, Wisconsin | Legislative Information Center
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File #: 59712    Version: 1 Name: 597Accepting the financial management and planning practices audit conducted for the Madison Water Utility
Type: Resolution Status: Passed
File created: 2/25/2020 In control: Finance Department
On agenda: 3/3/2020 Final action: 7/21/2020
Enactment date: 7/27/2020 Enactment #: RES-20-00533
Title: Accepting the financial management and planning practices audit conducted for the Madison Water Utility
Sponsors: Satya V. Rhodes-Conway
Attachments: 1. 33-Water Utility Financial and Management Audit.pdf, 2. MWU Financial Management and Planning Practices Audit Final.pdf, 3. Water Financial Management and Planning Practices Audit Results - January 2020 FINAL.pdf

Fiscal Note

The 2019 Adopted Operating Budget called for an external audit of the Water Utility’s financial management and planning practices. This requirement was added to the budget via amendment 33 adopted by the Finance Committee. The total cost of the contract to conduct the audit was $19,000.

 

Title

Accepting the financial management and planning practices audit conducted for the Madison Water Utility

 

Body

WHEREAS, the 2019 Adopted Operating Budget called for an external audit of the Madison Water Utility regarding the Department’s financial and planning practices; and,

 

WHEREAS, Ruekert and Mielke Inc and Wegner CPAs were contracted to conduct the audit in 2019; and,

 

WHEREAS, the audit report includes eight recommendations for the Water Utility to improve its financial health; and,

 

NOW THERFORE BE IT RESOLVED, the Common Council accepts the final audit report examining the Water Utility’s Financial Management and Planning Practices.