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File #: 2021-055    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/17/2021 In control: Board of Directors
On agenda: 3/24/2021 Final action: 3/24/2021
Title: Resolution Regarding Approval of FY 2022 Schedule of Service Charges
Sponsors: Nicolette Bateson
Indexes: Finance
Attachments: 1. 2021-055 FY 2022 Board Resolution Charges 4.07.pdf, 2. FINAL Approved FY 2022 Charge Schedules 4.14.2021
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Resolution Regarding Approval of FY 2022 Schedule of Service Charges

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Agenda of: February 24, 2021, March 10, 2021, March 24, 2021
Item No.: 2021-055
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: February 24, 2021

RE: Resolution Regarding Approval of FY 2022 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 2021-055 with an effective date of July 1, 2021:

1) FY 2022 wholesale water service schedule of charges;
2) FY 2022 wholesale sewer service schedule of charges;
3) FY 2022 City of Detroit allocated wholesale water revenue requirement of $21,697,300, which is the net of $42,397,300 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 2022 City of Detroit allocated wholesale sewer revenue requirement of $188,662,200 which is the net of $194,178,200 gross revenue requirement less the Ownership Equity Credit of $5,516,000 in accordance with the WSSA;
5) FY 2022 City of Detroit allocated indirect water revenue requirement of $51,734,700, in accordance with the Regional Water Supply System Lease;
6) FY 2022 City of Detroit allocated indirect sewer revenue requirement of $39,233,900, in accordance with the Regional Sewage Disposal System Lease;
7) If the proposed amended service contracts with the cities of Grosse Pointe Park and Northville are approved by the Board on this same date, the administration is authorized to adjust the schedule of charges and budget accordingly; and
8) authorizes the Chief Executive Officer to take such other action ...

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