Pedernales Electric Cooperative – Board of Directors Meetings

File #: 2019-104    Version: 1 Name:
Type: Executive Session - Contract and Competitive Matters Status: Passed
File created: 3/11/2019 In control: Audit Committee
On agenda: 4/1/2019 Final action: 4/1/2019
Title: Resolution - Approval of Acceptance of 2018 Financial Audit and Management Letter by Bolinger, Segars, Gilbert & Moss (BSGM) - J Davis

Title

Resolution - Approval of Acceptance of 2018 Financial Audit and Management Letter by Bolinger, Segars, Gilbert & Moss (BSGM) - J Davis

 

Other Info

Submitted By:   Robyn Miller on behalf of John Davis, CFO

Department:  Financial Services

Financial Impact and Cost/Benefit Considerations:  No expenditure of Cooperative funds is estimated to fulfill the resolution. Expenditures of staff time estimated in amount of 4 hours (other than ordinary processing requirements).

 

Discussion

The annual financial audit has been completed by Bolinger, Segars, Gilbert & Moss, L.L.P. The Board may consider the draft audit report.

 

Body

BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Board of Directors hereby approves the draft Independent Auditor's Report and Financial Statements for the fiscal year ending December 31, 2018, in the form attached hereto, as the draft Independent Auditor's Report and Financial Statements (“Financial Statements”); and

 

BE IT FURTHER RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE

that the Chief Financial Officer or Acting Chief Financial Officer of the Cooperative, or his designee, and the Cooperative’s accountants are authorized to publish the Financial Statements as the draft and official Financial Statements of the Cooperative for fiscal year ending December 31, 2018.