Committee Meeting | Audit - July 8, 2026

The Wayne County Commission's Committee on Audit convened on July 8, 2026, primarily to review and discuss the Office of the Legislative Auditor General's financial assessment limited review reports for the Wayne County Employees Retirement System's defined benefit and defined contribution plans for fiscal years 2024 and 2025. The reports highlighted increases in total assets driven by investment returns, consistent liabilities, and employer and member contributions. Commissioners discussed the county's practice of contributing above the required amounts to improve the pension fund's funded status, with projections aiming for full funding by 2036. The committee also reviewed internal and external controls over pension calculations to ensure accuracy and compliance. The reports were recommended for receipt and filing by the commission, and a motion to approve was passed without opposition. No new procurement or contracting actions were discussed during the meeting.