735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Agenda  
Audit Committee  
Friday, June 6, 2025  
8:00 AM  
Zoom Telephonic Meeting  
1. Call To Order  
2. Quorum Call  
3. Approval of Agenda  
4. Approval of Minutes  
2025-186  
Minutes of May 2, 2025  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
4A May 2, 2025 Audit Committee Meeting Minutes.pdf  
5. Public Comment  
6. Old Business  
2025-194  
2025 Bond Transaction: Rating Agency Updates  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
6A1 AC Memo - 2025 Bond Transaction Rating Agency Updates.pdf  
6A2 May 2025 Rating Agency Review Report.pdf  
7. New Business  
2025-163  
A.  
Resolution Regarding Approval of Series Ordinance Authorizing Issuance  
and Sale of Water Supply System Revenue Bonds in an Aggregate  
Amount Not to Exceed $51,894,938 (Ordinance 2025-03) for FY 2025  
Drinking Water State Revolving Fund (DWSRF) Projects  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7A1 AC Memo - Approval of Series Ordinance 2025-03 DWSD Water Main Rep  
7A2a Attachment 1 - Table 1.pdf  
7A2b Attachment 2 - Table 1.pdf  
7A2c Attachment 3 - Table 1.pdf  
7A3 DWSRF Series Ordinance 2025-03 DWSD Water Main Rep. (WS-741 and  
7A4 Resolution Approving DWSRF Series Ordinance 2025-03 DWSD Water Ma  
2025-164  
B.  
Resolution Regarding Approval of Series Ordinance Authorizing Issuance  
and Sale of Sewage Disposal System Revenue Bonds in an Aggregate  
Amount Not to Exceed $108,988,000 (Ordinance 2025-04) for FY 2025  
Clean Water State Revolving Fund (CWSRF) Projects  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7B1 AC Memo - Approval of Series Ordinance 2025-04 GLWA Oakwood (CIP 2  
7B2a Attachment 1 - Tables.pdf  
7B2b Attachment 2 - Table 1.pdf  
7B2c Attachment 3 - Table 1.pdf  
7B3 CWSRF Series Ordinance 2025-04 GLWA Oakwood (CIP 270004).docx  
7B4 Resolution Approving CWSRF Series Ordinance 2025-04 GLWA Oakwood  
2025-165  
C.  
Requisition No. REQ-0002648  
External Auditing Services  
O&M  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7C1 2025 Auditor RFP Board Letter Cover.pdf  
7C3- REQ-0002648 - Procurement Board Report.pdf  
7C4 Audit RFP Bid Tabulation 6.20.25 Bid Tabulation.pdf  
7C5 Auditor RFP Hourly Rates Bid Table 6.20.25.pdf  
2025-166  
D.  
FY 2025 Third Quarter Budget Amendments through March 31, 2025 and  
Proposed Budget Resolution  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7D0 FY 2025 3rd Quarter Budget Amendment Report.pdf  
7D2 FY 2025 3rd Quarter Budget Amendment Report.pdf  
7D3 FY 2025 3rd Quarter Budget Amendment Resolution.docx  
2025-196  
E.  
Ten Year Financial Projection Annual Post Budget Adoption Update for the  
Current Fiscal Year 2025 and the Ten Years FY 2026 Through FY 2035  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7E1 Ten Year Financial Projection Update.pdf  
7E2 Ten Year Projection FY 2026 Budget v2.pdf  
8. Reports  
2025-187  
CFO Report  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8A1 CFO Report May 2025.pdf  
2025-188  
Monthly Financial Report for February 2025  
B.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8B1 Monthly Financial Report Cover Memo.pdf  
8B2 February 2025 Monthly Financial Report.pdf  
2025-189  
Gifts, Grants & Other Resources Report  
C.  
D.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8C1 Grants Gifts and Other Resources Report.pdf  
2025-190  
Quarterly Investment Report  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8D1 Quarterly Investment Report Cover Memo_May 2025.pdf  
8D2 GLWA_Quarterly Investment_Report_March 2025.pdf  
2025-191  
Charges Outreach & Modeling Update  
E.  
F.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8E1 Charges Outreach and Modeling Update.pdf  
8E2 FY-2026-Cost-of-Service-Study-05_12_25-Final.pdf  
2025-192  
Quarterly Economic Outlook Task Force Update  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8F1 EOTF Report Cover Memo.pdf  
8F2 EOTF 2025 Q1 Update_May 2025.pdf  
9. Communications  
2025-193  
The Procurement Pipeline for April 2025  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
9A The Procurement Pipeline for May 2025.pdf  
10. Look Ahead  
A. Next Audit Committee Meeting: June 27, 2025, at 8:00 a.m.  
11. Other Matters  
12. Adjournment