735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, May 22, 2026  
8:00 AM  
Zoom Telephonic Meeting  
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Meeting ID: 858 1485 6752 Passcode: 925166  
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 8G.  
(FY 2026 Bond Transaction Update) to the beginning of 7. New Business.  
Chairperson Baker requested a Motion to Approve the Agenda as Amended.  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Approved as Amended  
The motion carried by a unanimous vote.  
4. Approval of Minutes  
2026-193  
A.  
Minutes of April 24, 2026  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 4A Minutes - April 24, 2026 Audit Committee.pdf  
Chairperson Baker requested a Motion to Approve the April 24, 2026 Audit  
Committee Meeting Minutes.  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Approved  
The motion carried by a unanimous vote.  
5. Public Comment  
6. Old Business  
7. New Business  
There were no public Comments  
None  
2026-200  
G. (7A.)  
FY 2026 Bond Transaction Update  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 8G One-Pager FY 2026 Bond Transaction.pdf  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2026-188  
A.  
Resolution Regarding Approval of Series Ordinance Authorizing  
Issuance and Sale of Sewage Disposal System Revenue Bonds in  
an  
Aggregate  
Amount  
Not  
to  
Exceed  
$12,963,500 (Ordinance  
2026-05) for FY 2026 Clean Water State Revolving Fund Projects  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7A1 AC Memo - Approval of Series Ordinance 2026-05 CWSRF  
DWSD Sewer Rehab (SRF 6026-01).pdf  
7A3 Series Ordinance 2026-05 CWSRF DWSD Sewer Rehab (SRF  
6026-01).pdf  
7A4 Resolution Approving Series Ordinance 2026-05 CWSRF DWSD  
Sewer Rehab (SRF 6026-01).docx  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of May 28, 2026  
The motion carried by a unanimous vote.  
2026-189  
B.  
Resolution Regarding Approval of Series Ordinance Authorizing  
Issuance and Sale of Water Supply System Revenue Bonds in an  
Aggregate Amount Not to Exceed $59,294,865 (Ordinance 2026-06)  
for FY 2026 Drinking Water State Revolving Fund (DWSRF) Projects  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7B1 AC Memo - Approval of DWSRF Series Ordinance 2026-06  
DWSD Water Main Rep. (SRF 7932-01) & LSLR (SRF 7932-02).pdf  
7B2a Attachment 1.pdf  
7B2b Attachment 2.pdf  
7B3 Series Ordinance 2026-06 DWSRF DWSD 7932-01  
&7932-02).pdf  
7B4 Resolution Approving DWSRF Series Ordinance 2026-06 DWSD  
7932-01 &7932-02.docx  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of May 28, 2026  
The motion carried by a unanimous vote.  
2026-187  
C.  
FY 2026 Fourth Quarter Budget Amendments for May 2026 and  
Proposed Budget Amendment Resolution  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7C0 FY 2026 4th Quarter Budget Amendment Communication.pdf  
7C2 FY 2026 4th Quarter Budget Amendment Report.pdf  
7C3 FY 2026 4th Quarter Budget Amendment Resolution.docx  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of May 28, 2026  
The motion carried by a unanimous vote.  
2026-190  
D.  
Ten Year Financial Projection Annual Post Budget Adoption Update for the  
Current Fiscal Year 2026 and the Ten Years FY 2027 Through FY 2036  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7D1 Ten Year Financial Projection Update.pdf  
7D2 FY 2027 Ten Year Financial Projection - Annual Post Budget  
Adoption Update.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
8. Reports  
2026-194  
A.  
CFO Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8A1 CFO Report May 2026.pdf  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2026-195  
B.  
C.  
D.  
Monthly Financial Report for February 2026  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B February 2026 Monthly Financial Report.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2026-196  
Grants, Gifts and Other Resources Report Through April 30, 2026  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8C1 Grants Gifts and Other Resources Report.pdf  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2026-197  
Quarterly Investment Report (Unaudited)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8D1 Quarterly Investment Report Cover Memo_March 2026.pdf  
8D2 GLWA_Quarterly Investment_Report_March 2026.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2026-198  
E.  
Water Funding Task Force Update  
Nicolette Bateson  
Sponsors:  
Indexes:  
Finance  
Attachments: 8E Water Funding Task Force Update.pdf  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2026-199  
F.  
Quarterly Economic Outlook Task Force Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8F1 EOTF Report Cover Memo.pdf  
8F2 EOTF 2026 Q1 Update_5-4-26.pdf  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2026-201  
H.  
National Grants Management Association - Michigan Chapter  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8H NGMA Michigan Chapter.pdf  
Motion By: Brian Baker  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
2026-202  
A.  
The Procurement Pipeline May 2026  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The May 2026 Procurement Pipeline.pdf  
No Action Taken - Information Only  
10. Look Ahead  
The next Audit Committee Meeting is scheduled to be held on June 26, 2026 at 8:00 a.m.  
11. Other Matters  
None  
12. Adjournment  
Chairperson Baker requested a Motion to Adjourn.  
Motion By: Jaye Quadrozzi  
Support: Brian Baker  
Action: Approved  
The motion carried unanimously.  
There being no further business, the meeting was adjourned at 9:52 a.m.