TITLE
Continued Public Hearings on Proposed FY 2019 Schedule of Revenues and Charges and FY 2019 & FY 2020 Biennial Budget Request
BODY
Agenda of: June 20, 2018
Item No.: 2018-789
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority
DATE: June 9, 2018
RE: Continued Public Hearings on Proposed FY 2019 Schedule of Revenues and Charges and FY 2019 & FY 2020 Biennial Budget Request
MOTION
Upon recommendation of Nicolette N. Bateson, Chief Financial Officer/Treasurer, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), re-opens and continues a Public Hearing on Proposed FY 2019 Schedule of Revenues and Charges and a Public Hearing on the FY 2019 & FY 2020 Biennial Budget Request held at a Meeting of the Great Lakes Water Authority Board on February 28, 2018, at 2 pm, in the Board Room, 735 Randolph, 5th Floor, Detroit, Michigan 48226; and authorizes the Chief Executive Officer to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
Both Michigan Law, MCL 141.434 and Section 7.02 of the GLWA Model Water Contract require a Public Hearing prior to adoption of the FY 2019 & FY 2020 Biennial Budget. Section 7.02 provides:
"Notification of Rates. As soon as possible in the ratemaking process, the Board shall provide information on proposed rates and the draft data and information used in the calculation of proposed rates in a format that will enable Customer to assist in the ratemaking process. Not less than thirty calendar days prior to the hearing required by Act 279, the Board shall provide Customer with written notice of a proposed rate and the underlying data used to calculate the rate. The Board shall meet with Customer to review the rate and the data."
At its regularly scheduled February 28, 2018 meeting, The Board conducted a public hearing on the propo...
Click here for full text