735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, May 26, 2023  
8:00 AM  
Zoom Telephonic Meeting  
1. Call To Order  
Chairperson Baker called the meeting to order at 8:00 a.m.  
2. Quorum Call  
3 - Chairperson Brian Baker, Director Gary Brown, and Director Jaye Quadrozzi  
Present:  
3. Approval of Agenda  
Nicolette Bateson, Chief Financial Officer/Treasurer, requested to move item 8.F.  
(Quarterly Investment Report) to item 7.A.  
Chairperson Baker requested a Motion to Approve the Agenda as Amended.  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Approved as Amended  
The motion carried by a unanimous vote.  
4. Approval of Minutes  
2023-170  
A.  
Minutes of April 28, 2023  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 4A April 28, 2023 Audit Committee Meeting Minutes  
Chairperson Baker requested a Motion to Approve the Minutes of the April 28,  
2023 Audit Committee Meeting.  
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  
2023-210  
A.  
Quarterly Investment Report  
(8.F.)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8F1 Quarterly Investment Report Cover Memo_May 2023  
8F2 GLWA_Quarterly_Report_March 2023_Final  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-179  
B.  
Resolution Regarding Approval of Series Ordinance Authorizing  
Issuance and Sale of Water Supply System Revenue Bonds in an  
Aggregate Amount Not to Exceed $20,900,000 (Ordinance 2023-03 /  
Series 2023 SRF-2 / DWSD 7656-01 Water Main Replacement  
WS-732)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7A3 Series Ordinance 2023-03 DWRF 7656-01 Water Main Repl.  
(WS-732)  
7A4 Resolution Approving 2023-03 DWRF Series Ordinance DWSD  
7656-01 Water Main Repl. (WS-732)  
Motion By: Jaye QuadrozzI  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 28, 2023  
The motion carried by a unanimous vote.  
2023-180  
C.  
Resolution Regarding Approval of Series Ordinance Authorizing  
Issuance and Sale of Water Supply System Revenue Bonds in an  
Aggregate Amount Not to Exceed $21,800,000 (Ordinance 2023-04 /  
Series 2023 SRF-3 / DWSD 7657-01 Water Main Replacement  
WS-733)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7B3 Series Ordinance 2023-04 DWRF - DWSD 7657-01 Water Main  
Repl. (WS-733)  
7B4 Resolution Approving 2023-04 DWRF Series Ordinance DWSD  
7657-01 Water Main Repl. (WS-733)  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 28, 2023  
The motion carried by a unanimous vote.  
2023-181  
D.  
Contract No. 2204949 Municipal Advisory Services  
O & M  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: Revised 7C3 Procurement Board Report-RFP  
Attachmen 1 Municpal Advisor Not to Exceed Change Board Memo  
Municpal Advisor Cost Analysis  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 28, 2023  
The motion carried by a unanimous vote.  
2023-182  
E.  
Proposed Amendment to GLWA Contract CS-195 effective July 1,  
2023 with The Foster Group for Annual Financial Management  
Consulting at  
a
not-to-exceed amount of $525,000 for  
a
one-year  
contract, and for task order Bond Transaction System Consultant  
Services not-to-exceed $325,000  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of June 28, 2023  
The motion carried by a unanimous vote  
2023-204  
F.  
Resolution Adopting the Biennial FY 2024 & FY 2025 Budget, Board  
Item 2023-054 - Clerical Error  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7E Resolution for Biennial Budget 2023-054 clerical error  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
8. Reports  
2023-205  
A.  
B.  
C.  
CFO Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8A1 CFO Report May 2023  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-206  
Monthly Financial Report for February 2023  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B February 2023 Financial Report_Tagetik  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-207  
Business Inclusion and Diversity Program Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8C Business Inclusion and Diversity Program Update  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-208  
D.  
Charges Outreach & Modeling Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8E Charges Outreach and Modeling Update - 05.26.23  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-209  
E.  
Affordability & Assistance Update  
Nicolette Bateson  
Sponsors:  
Indexes:  
Finance  
Attachments: 8D Affordability and Assistance Update  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
2023-211  
A.  
The Procurement Pipeline for May 2023  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The Procurement Pipeline for May 2023  
No Action Taken  
10. Look Ahead  
The next Audit Committee Meeting is scheduled for Friday, June 23, 2023 at 8:00 a.m.  
11. Other Matters  
There were no other matters.  
12. Adjournment  
Chairperson Baker requested a Motion to Adjourn.  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Approved  
The motion carried by a unanimous vote.  
There being no further business, the meeting was adjourned at 9:13 a.m.