No Material Weaknesses Reported on Financial Audits of Water Reclamation District

Metropolitan Water Reclamation District (MWRD) Board Meeting - June 15, 2017                         

Significant Decisions Made:  

• The annual audits of the various funds of MWRD were reported and discussed in detail and all received no material weaknesses.  There was increase of revenues of $19 million and increase in expenditures of $24.6 million related to increased construction and pension payments.   (Agenda Items 17-0623 and 17-0628)
• Authorized the sale of a piece of district real estate located at 3548 South Ashland Avenue in Chicago, owned and not used since 1908, to the Wm. Wrigley Jr. Co,  for $50,200. They were the sole bidder. (Agenda Item 17-0616)
• There was some discussion about the  the payment of $2M to the U.S, Corps of Engineers as an advance of funds for their non-federal sponsor’s share of costs related to the Chicagoland Underflow Plan McCook Reservoir.  The funds are necessary to keep progressing on the ongoing project while efforts continue to procure federal funds to complete the project.  There is an $11 million shortfall.  Payment was authorized. (Agenda Item 17-0664)

Unexpected Events/Items:

• Chicago High School Students, winners of their Science Contests, reported on their successful winning experiments for the hour prior to the commencement of the meeting. This was not on the agenda.

   
Other Comments/Observations:        

• The formal meeting was called to order at 10:46 a.m., (scheduled for 10:30am) and most of the business was processed via the consent agenda.              

 
​Observer - Syvia Tillman                                            Meeting Length:  One hour fifteen minutes