735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, February 24, 2023  
7:30 AM  
Zoom Telephonic Meeting  
1. Call To Order  
Chairperson Baker called the meeting to order at 7:31 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.H.  
(Quarterly Investment Report) to Item 7.C.  
Chairperson Baker requested a Motion to Approve the Agenda as Amended.  
Motion By: Gary Brown  
Support: Jaye Quadrozzi  
Action: Approved as Amended  
The motion carried unanimously.  
4. Approval of Minutes  
2023-021  
A.  
Minutes of February 13, 2023  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 4A February 13, 2023 Audit Committee Special Meeting Minutes  
Chairperson Baker requested a Motion to Approve the Minutes of the February  
13, 2023 Audit Committee Special Meeting.  
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.  
None  
7. New Business  
2023-067  
A.  
Resolution to Approve the FY 2023 Second Quarter Budget  
Amendments  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7A2 FY 2023 Second Quarter Budget Amendment Report  
7A3 Addendum 1 FY 2023 Second Quarter Budget Amendment  
Report cover  
7A4 Addendum 1 FY 2023 Second Quarter Budget Amendment  
Report  
7A5 Addendum 2 FY 2023 Second Quarter Budget Amendment  
Report cover  
7A6 Addendum 2 FY 2023 Second Quarter Budget Amendment  
Report  
7A7 FY 2023 Second Quarter Budget Amendment Resolution  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of March 22, 2023  
The motion carried by a unanimous vote.  
2023-065  
B.  
Resolution Regarding Approval of Series Ordinance Authorizing  
Issuance and Sale of Sewer Disposal System Revenue Bonds in an  
Amount Not to Exceed $105,000,000 (Ordinance 2023-01)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7B1 AC Memo - Approval of Series Ordinance 2023-01- Sewer  
Disposal System  
7B3 Series Ordinance (2023 SRF-1 3rd Quarter CWSRF)  
7B4 Resolution Approving 2023 SRF-1 Series Ordinance (CWSRF)  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of March 22, 2023  
The motion carried by a unanimous vote.  
2023-075  
C.  
Quarterly Investment Report  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 8H1 Quarterly Investment Report Cover Memo_February 2023  
8H2 GLWA_Quarterly_Report_December 2022_Final  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
8. Reports  
A. CFO Report (verbal update)  
Nicolette Bateson, Chief Financial Officer/Treasurer, gave a verbal update  
regarding appreciation of the Board of Directors adopting the Budget,  
implementation of Workday and staffing updates.  
2023-068  
B.  
Monthly Financial Report for October 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B October 2022 Financial Report_Tagetik  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-069  
C.  
Monthly Financial Report for November 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8C November 2022 Financial Report_Tagetik  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-070  
D.  
E.  
F.  
G.  
Business Inclusion and Diversity Program Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8D REVISED 2.27.2023 for B.I.D. Audit Committee 2.24.2023  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-071  
Charges Outreach & Modeling Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8E Charges Outreach and Modeling Update - 02.24.23  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
Affordability & Assistance Update  
2023-072  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8F Affordability and Assistance Update  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2023-074  
Gifts, Grants & Other Resources Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8G Gifts, Grants and Other Resources Report  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communcations  
2023-076  
The Procurement Pipeline for February 2023  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The Procurement Pipeline for February 2023  
No Action Taken  
10. Look Ahead  
The next Audit Committee Meeting is scheduled for Friday, March 24, 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 8:43 a.m.