735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, March 24, 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  
2 - Chairperson Brian Baker, and Director Gary Brown  
1 - Jaye Quadrozzi  
Present:  
Excused:  
3. Approval of Agenda  
Nicolette Bateson, Chief Financial Officer/Treasurer, requested to move item 8.F.  
(Economic Outlook Task Force) to Item 7.A.  
Chairperson Baker requested a Motion to Approve the Agenda as Amended.  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Approved as Amended  
The motion carried by a unanimous vote.  
4. Approval of Minutes  
2023-115  
A.  
Minutes of February 24, 2023  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 4A February 24, 2023 Audit Committee Meeting Minutes  
Chairperson Baker requested a Motion to Approve the Minutes of the February  
24, 2023 Audit Committee Meeting.  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Approved  
The motion carried by a unanimous vote.  
5. Public Comment  
There were no public comments.  
6. Old Business  
7. New Business  
None  
2023-131  
A.  
Update: Economic Outlook Task Force  
(8.F.)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
8F1 Audit Committee Memo - Economic Outlook Task Force  
3.24.2023  
8F2 2023.03.24_EOTF Quarterly Update_Audit Committee  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-116  
B.  
Municipal Advisor Annual Market Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7A1 Municipal Advisor Update Cover Memo_March 2023  
7A2 GLWA PFM Audit Committee Financing Update March 2023pw  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-073  
C.  
Proposed Debt Management Policy Amendments  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7B1 AC Memo - Proposed Debt Management Policy Amendments  
7B3 Attachment 1 - Table of Proposed Debt Managment Policy  
Amendments  
7B4 Debt Management Policy Draft with Markup 3.22.2023  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of April 26, 2023  
The motion carried by a unanimous vote.  
2023-117  
D.  
Resolution Regarding Approval of First Supplemental Sale Order of  
Chief Executive Officer of the Great Lakes Water Authority  
Amending Sale Order of Finance Director of the City of Detroit with  
respect to $370,000,000 City of Detroit Sewage Disposal System  
Revenue Refunding Senior Lien Bonds (Tax-Exempt Floating  
LIBOR Notes), Series 2006(D)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7C1 AC Memo - Approval of Amendment to 2006D (LIBOR) Notes  
Sale Order  
7C3 Resolution Approving Amendment to 2006D (LIBOR) Notes Sale  
Order  
7C4 U.S. Bank Letter Regarding 2006D Bonds V2  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of April 26, 2023  
The motion carried by a unanimous vote.  
2023-118  
E.  
Resolution to Adopt the City of Detroit Water and Sewerage  
Department (DWSD) Stormwater Improvements  
Water State Revolving Fund (CWSRF) Project Plan  
-
FY 2024 Clean  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7D1 AC Memo- Approval of DWSD DWSRF Project Plan  
7D3 Resolution for the FY 2024 CWSRF Project Plans - DWSD  
7D4 DWSD - CWSRF Draft Project Planning Document  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of April 26, 2023  
The motion carried by a unanimous vote.  
2023-119  
F.  
Contract No. 2300249  
Approval for Water Residential Assistance Program (WRAP) Service  
Delivery Partner - County of Macomb  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 6A5 Table 1 - FY24 WRAP Budget  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of April 26, 2023  
The motion carried by a unanimous vote.  
2023-120  
G.  
Contract No. 2300248  
Approval for Water Residential Assistance Program (WRAP) Service  
Delivery Partner - United Way for Southeastern Michigan  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 6A5 Table 1 - FY24 WRAP Budget  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of April 26, 2023  
The motion carried by a unanimous vote.  
2023-121  
H.  
Contract No. 2300247  
Approval for Water Residential Assistance Program (WRAP) Service  
Delivery Partner - Wayne Metropolitan Community Action Agency  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 6A5 Table 1 - FY24 WRAP Budget  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Recommended for Approval to the Board of Directors  
Agenda of April 26, 2023  
The motion carried by a unanimous vote.  
8. Reports  
2023-125  
A.  
B.  
C.  
D.  
Monthly Financial Report for December 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8A December 2022 Financial Report_Tagetik  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-126  
Business Inclusion and Diversity Program Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B Business Inclusion and Diversity Update  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-127  
Charges Outreach & Modeling Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8C Charges Outreach and Modeling Update - 03.24.23  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-128  
Affordability & Assistance Update  
Nicolette Bateson  
Sponsors:  
Indexes:  
Finance  
Attachments: 8D1 Affordability and Assistance Update  
8D2 Attachment 1 - FY2023 Q2 WRAP Report  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-129  
E.  
Quarterly CWIP Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8E Quarterly CWIP Report FY 2023 Q2  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-132  
G.  
CFO Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8G CFO Report March 2023  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
2023-130  
The Procurement Pipeline for March 2023  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The Procurement Pipeline for March 2023  
No Action Taken  
10. Look Ahead  
The next Audit Committee Meeting is scheduled for Friday, April 28, 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: Brian Baker  
Action: Approved  
The motion carried by a unanimous vote.  
There being no further business, the meeting was adjourned at 10:01 a.m.