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April 10, 2025

April 10, 2025

Michigan Committee on Governmental Auditing and Accounting

April 10, 2025

Approved Meeting Minutes

  1. Call to Order
    1. Cary Vaughn called the meeting to order at 10:03 a.m.
  2. Roll Call
    1. Members Present – 11
      1. Cary Vaughn – Department of Treasury
      2. Yongping McDonnell - Department of Treasury
      3. Nicholas Brousseau - Department of Treasury
      4. Rana Emmons – PSLZ
      5. Penny Ray – Milford, MI
      6. Bill Tucker – Maner Costerisan
      7. Michelle Watterworth – Plante Moran
      8. Eric Van Dop – Brickley DeLong
      9. Anthony Moggio – City of Rochester
      10. Wendy Trumbull – Canton Township, MI
      11. Dan Merritt (sub for Paul Matz) - Rehmann
  3. Review of Prior Meeting Minutes
    1. The January 9, 2025 draft meeting minutes were sent out to the members for review. Committee approved minutes and they have been posted to the web.
  4. Old Business
    1. None
  5. New Business
    1. Draft Numbered Letters PA 202 Actuarial Audits and Experience Study
      1. Yongping McDonnell shared that we received some feedback and are currently reviewing them. She thanked the committee for their help on them. Nicholas Brousseau reviewed them with the committee and gave an update. The exposure draft is to be issued later in April.
    2. MCGAA Statement 4 Definition of the Financial Reporting Entity
      1. Yongping McDonnell gave an update and reviewed the statement with the committee. She gave kudos to the MGFOA for their help on it and reported that this will become a numbered letter. After the committee review, we will prepare to issue the exposure draft for public review. There will be a chance to provide feedback to the Treasury at that time.
      2. 2025 Numbered Letters
        1. Yongping McDonnell gave an update on 2025 numbered letters. We just started working on them this month. The plan is to issue the exposure draft in Oct or Nov of this year.
    3. MCGAA Statement 10 Accounting and Reporting Infrastructure Assets Local Water and Sewer Systems and County Drains
      1. Cary Vaughn reviewed and updated the committee. MGFOA members prepared the draft, however, no feedback has been received. This will become a numbered letter as well.
    4. Road Manual
      1. Yongping McDonnell reported that the first item worked on was accounting treatments for federal aid. The final version of this will be provided to us this month. The committee is also working on the updates on new standards for the manual. The draft will be provided to us this month as well. As the changes are made, we will run them by the committee. Bill Tucker also gave updates on the road manual work and mentioned that the committee will be ready to send the draft updates on new standards soon.
    5. Uniform Chart of Accounts
      1. Yongping McDonnell gave a quick update regarding the plan to issue the updated version by the end of this year. We are currently reviewing the changes made for the new standards for GASB 96 SBITA and GASB 103 Financial Reporting Model Improvements.
    6. Delinquent Tax Revolving Fund Accounting
      1. Yongping McDonnell reported that the draft proposal has been provided, and we plan to review it starting this month.
    7. APR Update with New System
      1. Cary Vaughn reported that we are evaluating external vendors instead of using DTMB. The estimated time to start working on the new system with a vendor (if we go with a vendor) will be Jan 2025.
    8. F65 Redesign
      1. Cary Vaughn updated the committee as we have finalized the exposure draft package, however, we took a pause on issuing it for public review. We are evaluating external vendors instead of using DTMB. Cary mentioned that the work we did will not gio waste. Once we start working on the new system again, we will be able to move it forward as planned.
    9. ADA Compliance
      1. Cary Vaughn reported to the committee that Treasury will be going in the direction of complying and gave the timeline of when things may start to happen. The path to the website accessibility is a two-step process. The first step is to conduct a WCAG audit, and the second step is website remediation based on the audit results. Michelle Watterworth, Wendy Trumbull, Anthony Moggio, and Bill Tucker shared their experiences and resources that may be helpful with implementing ADA compliance.
    10. Items on Our To Do List
      1. Audit Manual
      2. Transit Manual
  6. Adjournment
    1. 11:15AM