Board meetings, strategic plans, and buyer signals from Steven Galante’s organization
Aug 26, 2026·BoardMeeting
Board
Suffolk County Water Authority Regular Board Meeting
The board discussed operational and financial matters, including updates on the North Fork Water Main Project and a report on customer collections. Key actions included the extension and award of various contracts for services and equipment, the rejection of certain bids for litigation and security infrastructure, and the approval of budget amendments. The board also accepted the fiscal year-end audit, authorized personnel hires, reviewed environmental permit applications for well construction, and approved staff participation in industry conferences and training.
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Suffolk County Water Authority Audit Committee Audit Committee Meeting
The committee reviewed the audit plan and strategy for the fiscal year ending May 31, 2026, presented by KPMG. The audit results for the fiscal year were positive, confirming that financial statements accurately reflect the Authority's financial position in compliance with generally accepted accounting principles, with no identified fraud or material weaknesses. The committee also formally accepted the Fiscal Year End 2026 Audit Plan and approved the FYE 2026 Finance summary memo, which highlighted that water service revenues outperformed initial projections by approximately $6.9 million, while noting that operating and maintenance expenses exceeded budgets due to legal settlements and system maintenance costs.
Aug 20, 2026·BoardMeeting
Board
Suffolk County Water Authority Audit Committee Audit Committee Meeting
The meeting featured a presentation by KPMG regarding the audit plan and strategy for the fiscal year ending May 31, 2026, which includes financial statements, internal controls, and federal compliance audits. Key discussion areas included management's assessment of fraud risks, significant audit findings, and a financial summary memo detailing performance against budget projections for the fiscal year. The auditors identified management override of controls as a primary risk area and reviewed significant accounting estimates related to pensions, OPEB liabilities, and investments.
Jul 23, 2026·BoardMeeting
Board
Suffolk County Water Authority Regular Board Meeting
The board meeting included a review of the Strategic Plan 2030, a presentation on water production and system operations covering peak demand challenges, and infrastructure project updates regarding well field projects. The Board approved several contract extensions and awards for equipment, services, and construction projects, including drilling, bulk argon delivery, butterfly valve procurement, and IT infrastructure and software agreements. Additionally, the board adopted an Environmental Impact Statement, approved membership renewals, processed a wasted water credit refund, authorized employee hiring and promotions following an executive session, and scheduled future authority events and meetings.
Extracted from official board minutes, strategic plans, and video transcripts.
