735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, August 26, 2022  
8:00 AM  
Zoom Telephonic Meeting  
1. Call To Order  
Chairperson Baker called the meeting to order at 8:00 a.m.  
2. Roll 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 8D.  
(Quarterly Investment Report) to Item 6A.  
Chairperson Baker requested a Motion to Approve the Agenda as Amended.  
Motion By: Jaye Quadrozzi  
Support: Brian Baker  
Action: Approved as Amended  
The motion carried unanimously.  
4. Approval of Minutes  
2022-379  
A.  
Minutes of July 25, 2022 Special Meeting  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 4A July 25, 2022 Audit Committee Special Meeting Minutes  
Chairperson Baker requested a Motion to Approve the July 25, 2022 Audit  
Committee Special 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.  
2022-385  
A.  
Quarterly Investment Report  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 8D1 Quarterly Investment Report Cover Memo_August 2022  
8D2 GLWA_Quarterly_Report_June 2022_Final  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-380  
B.  
2022 Bond Transaction Update  
Nicolette Bateson  
Sponsors:  
Indexes:  
Finance  
Attachments: 6A - 0 Update 2022 Bond Transaction  
6A1- Rating Agency binder  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
7. New Business  
2022-381  
A.  
Approval of the Water Residential Assistance Program (WRAP)  
Policy  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7A1 AC Memo - WRAP Policy Approval  
7A2 WRAP Policy Approval  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Recommended for Approval to the Board of Directors  
Agenda of September 28, 2022  
The motion carried by a unanimous vote.  
8. Reports  
2022-382  
A.  
B.  
C.  
D.  
CFO Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8A1 CFO Report August 2022  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-383  
Monthly Financial Report for May 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B May 2022 Financial Report_Tagetik  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-384  
Business Inclusion and Diversity Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8C Business Inclusion and Diversity Update  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-386  
Quarterly WRAP Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8E1 Quarterly WRAP Report Thru 6.30  
8E2 Appendix B - Quarterly WRAP Performance Metrics Report FY22  
8E3 Appendix A - WRAP Income Based Plan  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
2022-387  
A.  
The Procurement Pipeline for August 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The Procurement Pipeline for August 2022  
No Action Taken  
10. Look Ahead  
The next Audit Committee Meeting is scheduled to be held Friday, September 23, 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 9:03 a.m.