Cook County Board of Commissioners Audit Committee Met July 28.
Here is the minutes provided by the committee:
Present:
Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
PUBLIC TESTIMONY
Chairman Degnen asked the Secretary to the Board to call upon the registered public speakers, in accordance with Cook County Code.
No Public Speakers
21-3726
COMMITTEE MINUTES
Approval of the minutes from the meeting of 05/12/2021
A motion was made by Commissioner Daley, seconded by Commissioner Miller, to approve 21-3726. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3474
Presented by: MARIA PAPPAS, Cook County Treasurer
REPORT
Department: Cook County Treasurer
Report Title: Financial Statements as of 11/30/2020 and 2019, Supplemental Information as of 11/30/2020, and Independent Auditor’s Reports
Report Period: Fiscal Year 2020
Summary: Annual Audit of the Cook County Treasurer’s Financials
A motion was made by Commissioner Britton, seconded by Commissioner Miller, to recommend for receiving and filing 21-3474. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3670
Presented by: LAWRENCE WILSON, County Comptroller, AMMAR RIZKI, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Report Title: Cook County Comprehensive Annual Financial Report for the Year Ended 11/30/2020 Report Period: 12/1/2019 - 11/30/2020
Summary: Annual audit of Cook County’s financial statements prepared by the Office of the Cook County Comptroller and audited by RSM US LLP in accordance with auditing standards generally accepted in the USA.
A motion was made by Commissioner Britton, seconded by Commissioner Miller, to recommend for receiving and filing 21-3670. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3671
Presented by: LAWRENCE WILSON, County Comptroller,AMMAR RIZKI, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Report Title: Cook County Illinois Report to the County President, Board of Commissioners and the Audit Committee, 5/28/2021
Report Period: 12/1/2019 - 11/30/2020
Summary: This report, presented by RSM US LLP, is intended solely for the information and use of the County President, County Board of Commissioners, the Audit Committee and management. It summarizes certain matters required by professional standards to be communicated by the independent auditors in their oversight responsibility for the County’s financial reporting process.
A motion was made by Commissioner Britton, seconded by Commissioner Miller, to recommend for receiving and filing 21-3671. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3672
Presented by: LAWRENCE WILSON, County Comptroller,AMMAR RIZKI, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance
Report Title: Cook County Illinois Report on Federal Awards (In accordance with the Single Audit Amendments Act of 1996, and Uniform Guidance) for the Fiscal Year Ended 11/30/2020
Report Period: 12/1/2019 - 11/20/2020
Summary: Annual audits of: (1) the Schedule of Expenditures of Federal Awards prepared by the Office of the Cook County Comptroller and (2) compliance for each major federal program and on internal control over compliance required by Uniform Guidance, audited by Washington, Pittman & McKeever, LLC, in accordance with auditing standards generally accepted in the USA; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
A motion was made by Commissioner Britton, seconded by Commissioner Miller, to receive and file 21-3672. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3674
Presented by: LAWRENCE WILSON, County Comptroller,AMMAR RIZKI, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Report Title: Cook County Health and Hospitals System of Illinois d/b/a Cook County Health (An Enterprise Fund of Cook County Illinois) Financial Report, 11/30/2020
Report Period: 12/1/2019 - 11/30/2020
Summary: Annual audit of the CCH financial statements prepared by CCH Finance, for the Year Ended 11/30/20, audited by RSM US LLP in accordance with auditing standards generally accepted in the USA.
A motion was made by Commissioner Britton, seconded by Commissioner Miller, to recommend for receiving and filing 21-3674. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3675
Presented by: LAWRENCE WILSON, County Comptroller,AMMAR RIZKI, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Report Title: Cook County Health and Hospitals System d/b/a Cook County Health Report to the Audit and Compliance Committee, 5/28/2021
Report Period: 12/1/2019 - 11/30/2020
Summary: This report, presented by RSM US LLP, is intended solely for the CCH Audit and Compliance Committee and summarizes certain matters required by professional standards to be communicated to them in their oversight responsibility for the CCH’s financial reporting process.
A motion was made by Commissioner Britton, seconded by Commissioner Miller, to recommend for receiving and filing 21-3675. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3678
Presented by: LAWRENCE WILSON, County Comptroller,AMMAR RIZKI, Chief Financial Officer, Bureau of Finance
REPORT
Department: Bureau of Finance, Office of the County Comptroller
Report Title: Cook County Illinois Actuarial Study of the Workers Compensation and Liability Self-Insured Programs as of 11/30/2020
Report Period: As of 11/30/2020
Summary: Annual actuarial study completed by Aon Global Risk Consulting.
A motion was made by Commissioner Britton, seconded by Commissioner Miller, to recommend for receiving and filing 21-3678. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
21-3693
Presented by: IRIS Y. MARTINEZ, Clerk of the Circuit Court
REPORT
Department: Clerk of the Circuit Court
Report Title: Office of the Clerk of the Circuit Court of Cook County, Illinois Statement of Changes in Assets and Liabilities of Agency Fund
Report Period: Year ending November 30, 2020
Summary: The item is in relation to the Independent Auditor’s Report for the Office of the Clerk of the Circuit Court, year ending November 30, 2020.
ADJOURNMENT
A motion was made by Commissioner Miller, seconded by Commissioner Lowry, that to adjourn the meeting. The motion carried by the following vote:
Ayes: Degnen, S. Morrison, Britton, Daley, Gainer, Lowry and Miller (7)
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