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July 16, 2020

July 16, 2020

Michigan Committee on Governmental Auditing and Accounting

July 16, 2020

Meeting Agenda

  1. Call to order
  2. Prior Meeting Minutes Approval
  3. New Business
    1. $300 Million in Grants Available to Help First Responders, Local Governments due to COVID-19 Pandemic
      1. This program will potentially have two application rounds.
      2. The first application round will be available for reimbursement of April and May 2020 eligible payroll expenditures. If funding is available after the first application round is completed, a second application round will be available for reimbursement of the June and July 2020 eligible payroll expenditures.
    2. The First Responder Hazard Pay Premiums Program offers $100 million to fund additional compensation for first responders. Eligible first responders performed hazardous duty or work involving physical hardship related to COVID-19.
    3. The Public Safety and Public Health Payroll Reimbursement Program makes available $200 million to reimburse cities, villages, townships and counties for eligible public safety and public health payroll expenditures incurred from April 2020 to July 2020.
      1. Questions from MML
        1. Has Treasury recommended line item account number(s) in the Chart of Accounts to record the Revenue?
        2. Even though this is a FY 19-20 expenditure reimbursement, June 30 fiscal year close cities will likely have closed out our books by the time we know whether or not we received the funding. I am assuming therefore, that this revenue should be recorded in FY 20-21?
  4. August Revenue Sharing
    1. State Budget Deal to Result in 150% Funding Replacement for Communities!
  5. Old Business
    1. Uniform Chart of Accounts
      1. Making changes since the exposure draft
    2. Road Commission Accounting Manual
    3. Budget Manual (revised August 2001)
    4. Other Manuals
      1. Audit Guide for Transportation Authorities (revised June 2007)
      2. Uniform Reporting Format (revised July 2011)
        1. Searchable Audits Numbered Letter 1. Issued June 25, 2020
      3. Audit Manual for Road Commissions (revised October 2003)
  6. Upcoming Meetings
    1. October 15
  7. Suggested topics for next meeting
  8. Adjourn