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October 20, 2022

October 20, 2022

Michigan Committee on Governmental Auditing and Accounting

July 25, 2019

Meeting Minutes

  1. Call to Order
    1. Rod Taylor – Treasury
    2. Pauline Bennett – Addison Township
    3. Rana Emmons – PSLZ
    4. Michael Slater – City of Livonia
    5. Bill Tucker – Maner Costerisan
    6. Eric Van Dop – Brickely Delong
    7. Cary Jay Vaughn – Treasury
    8. Michelle Watterworth – Plante Moran
  2. Prior Meeting Minutes Approval
  3. Numbered Letters
    1. Review from past meeting
    2. Our goal is to review approximately 20% of the letters and statements each year until they are finished being updated.
    3. Timeline
      1. Obtained comment from MCGAA on July 21
      2. Obtained public input on August 25
      3. Revise statements considering public comment by October 21
      4. Issue revisions by October 31
      5. Obtaining director’s approval
        1. 2023 – 1998-01 through 2000-16
        2. 2024 – 2001-01 through 2003-05
        3. 2025 – 2004-01 through 2016-02
        4. 2026 – 2017-01 through 2021-05
    4. Updates Not Made
      1. 1994-10 State Education Tax (SET) Local Unit Treasurers Collection and Reporting Procedures –The State Tax Commission will be issuing a bulletin in the near future for this. The letter should be updated with a link or other reference to that bulletin (assuming it was indeed issued)?
      2. 1994-18 Accounting for Bond Refund MDOT Bonds – Since this seems to address a very specific issue that happened in 1994, related to refinancing of 1983 bonds, should this letter just be removed?
      3. 1997-01 Accrual of State Shared Revenues – This is written assuming all local units have adopted a 60-day period of availability under GAAP...
      4. MCGAA Statement 4 – Some conclusions here likely need to change based both on updated GAAP and updated legislation (e.g. road commissions).
      5. MCGAA Statement 10 – It requires updating to GASB 87.
      6. MCGAA Statement 14 – That last paragraph in the revised letter seems to have come out of nowhere...
      7. MCGAA Statement 15 – Several of these funds listed on pg.4 are now listed as “open” funds...
      8. MCGAA Statement 9 – page 3 paragraph titled “Delinquent Taxes (for Counties) ...
  4. Chart of Accounts Revisions
    1. Review again by the MCGAA
    2. Three documents 1) marked up version 2) revisions memo 3) clean version
    3. Strategy for updates to chart of accounts e.g. opioid settlement
      1. Call them UCA Amendment 202X-1
      2. Link to page where UCA resides
      3. Send out on Gov Delivery
      4. Amendments get folded in when we do our annual UCA update
  5. F65 Integrity Check Update
  6. Auditing Procedures Report Update
  7. Treasury’s Review Process Update
  8. Membership
    1. Purpose Statement
    2. We have the following vacant:
      1. Auditor, county, village
  9. Upcoming Meetings for 2023
  10. Suggested Topics for Next Meeting
  11. Adjourn