Title
Resolution Regarding Approval of FY 2024 Schedule of Service Charges
Body
Agenda of: February 22, 2023
Item No.: 2023-055
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: February 22, 2023
RE: Resolution Regarding Approval of FY 2024 Schedule of Service Charges
MOTION
Upon recommendation of Nicolette Bateson, Chief Financial Officer/Treasurer, the Board of Directors (Board) of the Great Lakes Water Authority, approves the following actions, which require a supermajority affirmative vote of at least five (5) members of the Board, and the attached Resolution 2023-055 with an effective date of July 1, 2023:
1) FY 2024 wholesale water service schedule of charges;
2) FY 2024 wholesale sewer service schedule of charges;
3) FY 2024 City of Detroit allocated wholesale water revenue requirement of $25,537,200, which is the net of $46,237,200 gross revenue requirement less the Ownership Equity Credit of $20,700,000 pursuant to the terms of the Water and Sewer Services Agreement (WSSA);
4) FY 2024 City of Detroit allocated wholesale sewer revenue requirement of $196,569,600 which is the net of $202,085,600 gross revenue requirement less the Ownership Equity Credit of $5,516,000 in accordance with the WSSA;
5) FY 2024 City of Detroit allocated indirect water revenue requirement of $48,222,000, in accordance with the Regional Water Supply System Lease;
6) FY 2024 City of Detroit allocated indirect sewer revenue requirement of $35,265,100, in accordance with the Regional Sewage Disposal System Lease;
8) authorizes the Chief Executive Officer to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
Pursuant to the water system and sewer system leases signed between the Great Lakes Water Authority (GLWA/Authority) and the City of Detroit, the GLWA began operations of the regional water supp...
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