1. Requesting approval of the audited financial statements for FY 2024-2025 from Forvis

Water Authority - Regular Meeting · 2026-05-20 · agenda_item

The Lake County Water Authority is reviewing audited financial statements for the 2024-2025 fiscal year. This review involves a report from Forvis Mazars, LLP, detailing the results of their audit, including required communications about their audit strategy and approach. The audit covered financial statements as of and for the year ended September 30, 2025, and was conducted according to their contract dated October 7, 2025. The report also includes findings related to internal controls and compliance with federal awards, as required by Government Auditing Standards and Uniform Guidance. This item is currently under review by the Water Authority Board. While this is a financial review, it signifies ongoing operational and compliance activities for the Authority, which may involve future needs for accounting, auditing, and related professional services.