735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, October 25, 2024  
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: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Approved  
The motion carried by a unanimous vote.  
4. Approval of Minutes  
2024-360  
A.  
Minutes of September 27, 2024  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 4A Minutes - September 27, 2024 Audit Committee Meeting.pdf  
Chairperson Baker requested a motion to Approve the September 27, 2024 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  
There were no public comments.  
2024-361  
A.  
Audit Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 6A1 FY 2024 Annual Financial Audit Update.pdf  
6A2 FY 2024 Annual Financial Audit BT Timeline 102024 Update.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
7. New Business  
2024-355  
A.  
Resolution Authorizing Publication of Notice of Intent to Issue Water  
Supply System Revenue Bonds  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7A1 Notice of Intent to Issue Water Supply Revenue Bonds.pdf  
7A3 Resolution Regarding Publication of Notice of Intent to Issue  
Bonds Water 2024.docx  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors Workshop Meeting  
Agenda of November 21, 2024  
The motion carried by a unanimous vote.  
2024-359  
B.  
Resolution Authorizing Publication of Notice of Intent to Issue  
Sewage Disposal System Revenue Bonds  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7B1 Notice of Intent to Issue Sewage Disposal System Revenue  
Bonds.pdf  
7B3 Resolution Regarding Publication of Notice of Intent to Issue  
Bonds Sewer 2024.docx  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors Workshop Meeting  
Agenda of November 21, 2024  
The motion carried by a unanimous vote.  
2024-356  
C.  
Proposed Amendment to Debt Management Policy  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7C1 Proposed Amendment to Debt Management Policy November  
2024.pdf  
7C3 Debt Management Policy.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Recommended for Approval to the Board of Directors Workshop Meeting  
Agenda of November 21, 2024  
The motion carried by a unanimous vote.  
2024-358  
D.  
Proposed Fraud & Ethics Hotline Contract Amendment  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7D1 Fraud and Ethics Hotline Contract Renewal.pdf  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors Workshop Meeting  
Agenda of November 21, 2024  
The motion carried by a unanimous vote.  
8. Reports  
2024-362  
A.  
CFO Report (verbal)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Nicolette Bateson, Chief Financial Officer/Treasurer, provided a verbal update on  
the Vendor Outreach Event; year-end and post implementation on Workday  
reporting; a Wildan update for Charges season; the Feasibility Report, and the  
requirement in the Master Bond Ordinance for a Systems Consultant Report for  
the issuance of Bonds.  
2024-364  
B.  
Monthly Financial Report for June 2024  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B June 2024 Financial Report.pdf  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2024-365  
C.  
D.  
E.  
F.  
Affordability & Assistance Update  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 8C Affordability & Assistance Update October.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2024-366  
Quarterly WRAP Report through June 30, 2024  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8D WRAP Quarterly Report through June 30, 2024 Final.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2024-367  
Gifts, Grants & Other Resources Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8E 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.  
2024-368  
Semi-Annual Debt Report through September 30, 2024  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8F1 Semiannual Debt Report as of 9.30.2024.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2024-369  
G.  
H.  
I.  
Qualified Financial Institutions  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 8G1 Public Cover Memo Qualified Financial Institution Review.pdf  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2024-370  
Quarterly Construction Work in Progress Report through June 30, 2024  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8H Quarterly CWIP Report FY 2024 Q4.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2024-371  
Charges Outreach & Modeling Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8I1 Charges Outreach and Modeling Update - 10-25-2024.pdf  
8I2 Charges 101 Series- RolloutOut#1 CIP_2024.pdf  
8I3 Draft 1 CIP Chapter 4 Finance.pdf  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2024-372  
J.  
Annual Conflict of Interest Reporting  
Nicolette Bateson  
Sponsors:  
Indexes:  
Finance  
Attachments: 8J Conflict of Interest memo.pdf  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
2024-373  
A.  
The Procurement Pipeline for October 2024  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The Procurement Pipeline for October 2024.pdf  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
10. Look Ahead  
The next Audit Committee Meeting is scheduled to be held Friday, November 22, 2024, at  
8:00 a.m.  
11. Other Matters  
There were no other matters.  
12. Adjournment  
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 9:16 a.m.