Application and Audit Deadlines

Applications:

Debt applications are required approximately one month before the date of the LGC meeting at which the unit wishes to appear on the agenda; see specific deadlines below. The application submitted by the due date should be substantially complete in all required documentation.

Audit Reports:

The deadline for the submission of audit reports falls several weeks before the date of the LGC meeting at which the unit wishes to appear on the agenda to ensure that LGC staff has adequate time to review the audit report and communicate issues to the unit, and that the unit has adequate time to respond to LGC staff's concerns.  Specifically, when a unit seeking debt submits an audit report:

  • LGC staff reviews the report, communicates with the auditor and unit on any necessary changes to the audit (particularly those that could influence our analysis of the unit's fiscal health), and drafts a unit letter if necessary. ¬†
  • If a unit letter is issued, it is reviewed and shared with the unit, and the unit must provide LGC staff with a sufficient written response to the unit letter. ¬†
  • Finally, LGC staff makes a determination if a unit visit is necessary; if so, that visit must be conducted and the results summarized in writing prior to the LGC meeting.

Note:

The guidelines and deadlines presented above ensure timely completion of the steps necessary prior to a unit being considered for inclusion on an LGC meeting agenda. Other factors related to the application and financial health of a unit are also considered, and timely completion of the above steps does not guarantee that a unit will be included on a specific LGC agenda.

Deadlines:

Meeting Date Audit Due Date Application Due Date
January 7, 2020 December 13, 2019 December 3, 2019
February 4, 2020 January 13, 2020 January 7, 2020
March 3, 2020 February 14, 2020 February 4, 2020
April 7, 2020 March 20, 2020 March 10, 2020
May 5, 2020 April 17, 2020 April 7, 2020
June 2, 2020 May 15, 2020 May 5, 2020
July 7, 2020 June 19, 2020 June 9, 2020
August 4, 2020 July 17, 2020 July 7, 2020
September 1, 2020 August 14, 2020 August 4, 2020
October 6, 2020 September 18, 2020 September 8, 2020
November 3, 2020

October 16, 2020
(June 30, 2020 audit)

October 6, 2020
December 1, 2020

November 13, 2020
(June 30, 2020 audit)

November 3, 2020