735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, December 19, 2025  
8:00 AM  
Zoom Telephonic Meeting  
1. Call To Order  
Chairperson Baker called the meeting to order at 8:01 a.m.  
2. Quorum Call  
3 - Chairperson Brian Baker, Director Gary Brown, and Director Jaye Quadrozzi  
Present:  
3. Approval of Agenda  
Chairperson Baker requested a Motion to Approve the Agenda.  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Approved  
The motion carried by a unanimous vote.  
4. Approval of Minutes  
2025-411  
A.  
Minutes of December 3, 2025  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 4A Minutes - December 3, 2025 Audit Committee Special Meeting  
Chairperson Baker requested a Motion to Approve the December 3, 2025 Audit  
Committee Meeting Minutes.  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Approved  
The motion carried by a unanimous vote.  
5. Public Comment  
6. Old Business  
There were no public comments.  
None  
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  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7A Memo Proposed Revenue Requirement & Charges and Review  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
Note: A Special Meeting of the Audit Committee has been scheduled for Friday,  
January 9, 2026, at 8:00 a.m. for review of the Proposed Revenue Requirement &  
Charges and review of the Proposed FY 2027 and 2028 Biennial Budget (Revenue  
Requirement) and Five-Year Financial Plan.  
2025-422  
B.  
Proposed FY 2027 Charges Analysis  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7B Memo Proposed FY 2027 Charges Analysis  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2025-414  
C.  
FY 2026 First Quarter Budget Amendments through September 30,  
2025 and Proposed Budget Resolution  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
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  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of January 28, 2026  
The motion carried by a unanimous vote.  
2025-384  
D.  
Resolution Authorizing Publication of Notice of Intent to Issue  
Sewage Disposal System Revenue Bonds  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
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  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of January 28, 2026  
The motion carried by a unanimous vote.  
2025-383  
E.  
Resolution Authorizing Publication of Notice of Intent to Issue Water  
Supply System Revenue Bonds  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7E1 Notice of Intent to Issue Water Supply Revenue Bonds  
7E3 Resolution Regarding Publication of Notice of Intent to Issue  
Bonds Water 2025  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of January 28, 2026  
The motion carried by a unanimous vote.  
2025-415  
F.  
2026 Municipal Market Outlook and GLWA Debt Management  
Considerations  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
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  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
8. Reports  
2025-416  
A.  
B.  
C.  
D.  
CFO Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8A1 CFO Report December 2025  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2025-417  
September 2025 Monthly Financial Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B September 2025 Monthly Financial Report  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2025-418  
Gifts, Grants & Other Resources Report Through November 30, 2025  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8C1 Grants Gifts and Other Resources Report  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2025-419  
Quarterly Economic Outlook Task Force Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8D1 EOTF Report Cover Memo  
8D2 EOTF 2025 Q3 Update rev. 12.17.2025  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
2025-420  
A.  
The Procurement Pipeline for December 2025  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The December 2025 Procurement Pipeline  
No Action Taken  
10. Look Ahead  
A Special Meeting of the Audit Committee has been scheduled for Friday,  
January 9, 2026, at 8:00 a.m.  
The regular Audit Committee Meeting is scheduled for Friday, January 30, 2026,  
at 8:00 a.m.  
11. Other Matters  
12. Adjournment  
There were no other matters.  
Chairperson Baker requested a Motion to Adjourn.  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Approved  
The motion carried by a unanimous vote.  
There being no further business, the meeting was adjourned at 9:27 a.m.