The meeting was called to order at 6:00 pm. In attendance were Supervisors Brandt, Peterson, and Wortham, and the Clerk.

The clerk presented copies of the annual audit report. A discussion of the included management and governance letters took place. Supervisor Wortham asked to confirm that all deposits are properly collateralized. The clerk explained the short-term situation where levy funds had been received and pushed balances over the total amount collateralized at the time. As soon as the next month’s claims were paid, the balance was brought below the collateralized amount again. On 12/31/13, deposits were not fully collateralized, but were by the time of the actual audit on 1/27/14.

Wortham commented that he had reviewed the audit documents and was comfortable with the financials and the accounting methods used.

Motion by Wortham, second by Brandt to approve the audit as reported. Carried unanimous.

There being no further business to conduct, the meeting adjourned at 6:35 pm.

John Plein
Ideal Township Clerk
March 17th, 2014