735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, February 25, 2022  
8:00 AM  
Zoom Telephonic Meeting  
1. Call To Order  
Chairperson Baker called the meeting to order at 8:01 am  
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.E.  
Quarterly Investment Report after item 7.A., and item 8.F. Quarterly WRAP Report  
after item 7.C.  
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  
A.  
Minutes of January 21, 2022  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Chairperson Baker requested a Motion to Approve the January 21, 2022 Audit  
Committee Meeting Minutes.  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Approved  
The motion carried by a unanimous vote.  
B.  
Minutes of February 11, 2022  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Chairperson Baker requested a Motion to Approve the February 11, 2022 Special  
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  
A.  
Presentation: Municipal Advisor Market Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
8. E.  
Quarterly Investment Report  
Nicolette Bateson  
Sponsors:  
Indexes:  
Finance  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
B.  
Resolution Regarding Approval of Series Ordinance Authorizing  
Issuance and Sale of Water Supply System Revenue Bonds in an  
Amount Not to Exceed $13,000,000 (Ordinance 2022-01)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Recommended for Approval to the Board of Directors  
Agenda of March 23, 2022  
The motion carried by a unanimous vote.  
C.  
Scheduling of Public Hearings for the FY 2023 Clean Water State  
Revolving Fund (CWSRF)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors  
Agenda of March 23, 2022  
The motion carried by a unanimous vote.  
8.F.  
Quarterly WRAP Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
D.  
WRAP Funding Reallocation  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
Note: A Special Audit Committee Meeting has been scheduled for Friday, March  
18, 2022, at 8:00 a.m. for further discussion of WRAP Funding Reallocation.  
E.  
WRAP Administrator Contracts  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
8. Reports  
A.  
CFO Report (verbal)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Nicolette Bateson, Chief Financial Officer/Treasurer, stated that the audit services  
request for proposal has been issued this week and is now available in Bonfire.  
Timing for Audit Committee review of those proposals is contingent upon the  
number of proposals received.  
B.  
Monthly Financial Report for October 2021  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
C.  
Monthly Financial Report for November 2021  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
D.  
Business Inclusion and Diversity Program Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
A.  
The Procurement Pipeline for February 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
No Action Taken  
10. Look Ahead  
A Special Audit Committee Meeting has been scheduled for Friday, March 18, 2022 at 8:00 a.m.  
The next regular Audit Committee Meeting is scheduled for Friday, March 25, 2022 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 9:53 a.m.