735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Agenda  
Audit Committee  
Friday, December 19, 2025  
8:00 AM  
Zoom Telephonic Meeting  
Join Zoom Meeting:  
https://glwater.zoom.us/j/86472163574?pwd=lgkZNGn08v8bJ4cnJk8BHUZzBmu3mN.1  
Join by Telephone  
US Toll-Free:  
877 853 5247; or 888 788 0099  
Meeting ID: 864 7216 3574 Passcode: 884245  
1. Call To Order  
2. Quorum Call  
3. Approval of Agenda  
4. Approval of Minutes  
2025-411  
Minutes of December 3, 2025  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
4A Minutes - December 3, 2025 Audit Committee Special Meeting  
5. Public Comment  
6. Old Business  
7. New Business  
2025-421  
A.  
Proposed Revenue Requirement & Charges and Review Proposed FY  
2027 and 2028 Biennial Budget (Revenue Requirement) and Five-Year  
Financial Plan  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7A Memo Proposed Revenue Requirement & Charges and Review  
2025-422  
Proposed FY 2027 Charges Analysis  
B..  
C.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7B Memo Proposed FY 2027 Charges Analysis  
2025-414  
FY 2026 First Quarter Budget Amendments through September 30, 2025  
and Proposed Budget Resolution  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7C0 FY 2026 1st Quarter Budget Amendment Report  
7C2 FY 2026 1st Quarter Budget Amendment Report  
7C3 FY 2026 1st Quarter Budget Amendment Resolution  
2025-384  
D.  
E.  
F.  
Resolution Authorizing Publication of Notice of Intent to Issue Sewage  
Disposal System Revenue Bonds  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7D1 Notice of Intent to Issue Sewage Disposal System Revenue Bonds  
7D3 Resolution Regarding Publication of Notice of Intent to Issue Bonds Sewer  
2025-383  
Resolution Authorizing Publication of Notice of Intent to Issue Water Supply  
System Revenue Bonds  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7E1 Notice of Intent to Issue Water Supply Revenue Bonds  
7E3 Resolution Regarding Publication of Notice of Intent to Issue Bonds Water 2  
2025-415  
2026 Municipal Market Outlook and GLWA Debt Management  
Considerations  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
7F1 AC Memo - Municipal Bond Market Update  
7F2 - PFM Series 2026 Presentation to Audit Committee  
7F3 - 12.9.25 S&P US Water Utilities 2026 Outlook  
7F4 - 12.10.25 Fitch US Water and Sewer Outlook 2026  
7F5 - 7.25.25 Moody's Report - US Water and Sewer Utilities  
8. Reports  
2025-416  
CFO Report  
A,  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8A1 CFO Report December 2025  
2025-417  
September 2025 Monthly Financial Report  
B.  
C.  
D.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8B September 2025 Monthly Financial Report  
2025-418  
Gifts, Grants & Other Resources Report Through November 30, 2025  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8C1 Grants Gifts and Other Resources Report  
2025-419  
Quarterly Economic Outlook Task Force Update  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
8D1 EOTF Report Cover Memo  
8D2 EOTF 2025 Q3 Update rev. 12.17.2025  
9. Communications  
2025-420  
The Procurement Pipeline for December 2025  
A.  
Sponsors:  
Indexes:  
Nicolette Bateson  
Finance  
Attachments:  
9A The December 2025 Procurement Pipeline  
10. Look Ahead  
11. Other Matters  
12. Adjournment