Village of Oak Park President and Board of Trustees met June 25
Village of Oak Park President and Board of Trustees met June 25.
Here is the agenda as provided by the board:
I. Call to Order
II. Roll Call
III. Consideration of Motion to Adjourn to Executive Session to Discuss Pending
IV. Adjourn Executive Session
V. Reconvene to Special Meeting in Room 101 and Call to Order
VI. Roll Call
VII. Agenda Approval
VIII. Non-Agenda Public Comment
IX. Regular Agenda
A. MOT 18-337 A Motion to Receive the Fiscal Year 2017 Comprehensive Annual Financial
Report (CAFR) and Supporting Documents.
Overview: Consistent with past practice, on June 18, 2018, the Finance Committee of the
Village Board reviewed the independent annual audit (CAFR) and related
documents such as the communication letters, for the year ending December
31, 2017. At the June 25, 2018 meeting, the audit will be presented to the full
Board for review and formal receipt. The audit will be presented by the
Village’s independent auditing firm, Sikich, and formal receipt of the document
by the Village Board will follow. Additionally, the Village must file the audit
with the State by June 30, 2018.
B. MOT 18-341 A Motion to Receive the Fiscal Year 2017 Single Audit Report
Overview: As required by Federal and State granting agencies, any fiscal year the Village
expends $750,000 or more in Federal grant proceeds (which either originate
directly from the Federal government or distributed as a pass-through from the
State or County government), a single audit is required. The Single Audit was
performed by Sikich LLP at the same time the regular financial audit was
completed and it is due to be filed 30 days after the Single Audit is received
from the auditor or nine months after fiscal year end (which would be
September 30, 2018). The 2017 Single Audit will be officially filed with the
Federal Clearinghouse as required.