Title
Resolution - Recommendation of Acceptance of 2020 Financial Audit and Management Letter by Bolinger, Segars, Gilbert & Moss (BSGM) - K Gast, CPA
Other Info
Submitted By: Sylvia Romero on behalf of the Audit Committee
Department: Audit Committee
Financial Impact and Cost/Benefit Considerations: As discussed in executive session.
Discussion
The annual financial audit has been completed by Bolinger, Segars, Gilbert & Moss, L.L.P (BSGM). The Audit Committee may consider the draft audit report as presented today in executive session by BSGM. The Audit committee by this resolution further recommends that the full Board of Directors receive and accept the Independent Auditor's Report and Financial Statements for the fiscal year ending December 31, 2020.
Body
BE IT RESOLVED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Audit Committee hereby approves a recommendation for acceptance of the Independent Auditor's Report and Financial Statements for the fiscal year ending December 31, 2020, as the Independent Auditor's Report and Financial Statements (“Financial Statements”); and
BE IT FURTHER RESOLVED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Chief Financial Officer of the Cooperative, or designee, present the Independent Auditor’s Report and Financial Statements for the fiscal year ending December 31,2020, at its next Regular Board Meeting on April 23, 2021, for the full Board’s consideration and approval.