735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, June 6, 2025  
8:00 AM  
Zoom Telephonic Meeting  
1. Call To Order  
Chairperson Baker called the meeting to order at 8:02 a.m.  
2. Quorum Call  
2 - Chairperson Brian Baker, and Director Gary Brown  
1 - Director Jaye Quadrozzi  
Present:  
Excused:  
3. Approval of Agenda  
Nicolette Bateson, Chief Financial Officer/Treasurer, requested to move items  
8.F. and 8.D. to items 6.A. and 6.B.  
Chairperson Baker requested a Motion to Approve the Agenda as Amended.  
Motion By: Gary Brown  
Support: Brian Baker  
Action: Approved as Amended  
The motion carried unanimously.  
4. Approval of Minutes  
A.  
Minutes of May 2, 2025  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Chairperson Baker requested a Motion to Approve the May 2, 2025 Audit  
Committee Meeting Minutes.  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Approved  
The motion carried by a unanimous vote.  
5. Public Comment  
There were no public comments.  
6. Old Business  
A.  
Quarterly Economic Outlook Task Force Update  
(8.F.)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
B.  
Quarterly Investment Report  
(8.D.)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
C.(A.)  
2025 Bond Transaction: Rating Agency Updates  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
7. New Business  
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  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 25, 2025  
The motion carried by a unanimous vote.  
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  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 25, 2025  
The motion carried by a unanimous vote.  
C.  
Requisition No. REQ-0002648  
External Auditing Services  
O&M  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 25, 2025  
The motion carried by a unanimous vote.  
D.  
FY 2025 Third Quarter Budget Amendments through March 31, 2025  
and Proposed Budget Resolution  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 25, 2025  
The motion carried by a unanimous vote.  
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  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
8. Reports  
A.  
CFO Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
B.  
Monthly Financial Report for February 2025  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
C.  
Gifts, Grants & Other Resources Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
E.  
Charges Outreach & Modeling Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brow  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
A.  
The Procurement Pipeline for April 2025  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
No Action Taken  
10. Look Ahead  
The next Audit Committee Meeting is scheduled for Friday, June 27, 2025 at 8:00 a.m.  
11. Other Matters  
There were no other matters.  
12. Adjournment  
There being no further business, Chairperson Baker adjourned the meeting at  
9:34 a.m.