Great Lakes Water Authority Audit Committee Meeting
The Audit Committee discussed several key items, including the authorization for the issuance and sale of sewage disposal system revenue bonds for Clean Water State Revolving Fund projects and drinking water state revolving fund projects. The committee reviewed fourth quarter budget amendments for the current fiscal year and received a presentation on the ten-year financial projection. Additionally, the committee received various reports, including the Chief Financial Officer's report, monthly financial reports, grants and gifts reports, an investment report, updates from the Water Funding Task Force and Economic Outlook Task Force, a bond transaction update, and a member partner contract status report. The Procurement Pipeline for April was also communicated.
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Great Lakes Water Authority Audit Committee Meeting Minutes
The committee recommended for approval to the Board of Directors several resolutions concerning the issuance and sale of revenue and revenue refunding bonds for water and sewage disposal systems, as well as project plans for the Clean Water State Revolving Fund and Drinking Water State Revolving Fund for the fiscal year 2027. Additionally, the committee discussed and approved budget amendments, reviewed the Water Residential Assistance Program funding allocations, and received reports on financial performance, gifts, grants, procurement pipelines, and procurement month recognition.
Mar 27, 2026·Board meeting
Great Lakes Water Authority Audit Committee Meeting
The Audit Committee meetings covered key financial and operational resolutions, including the issuance and sale of revenue and refunding bonds for water and sewage systems. The committee reviewed project plans for Clean Water State Revolving Fund funding, discussed biennial budget modifications, and examined quarterly financial, investment, and economic outlook reports. Additionally, the committee addressed procurement pipeline updates, affordability and assistance program reviews, and self-certification processes for micro-purchases.
Jan 30, 2026·Board meeting
Great Lakes Water Authority Meeting Minutes
The Audit Committee meeting agenda focused heavily on the FY 2027 & FY 2028 Biennial Budget Resolution and the Resolution for the Proposed FY 2027 Schedule of Charges. Key Old Business discussions involved recommending the adoption of these resolutions subject to a public hearing scheduled for February 25, 2026, and discussions regarding variable rate debt management. New business included scheduling a public hearing for CWSRF Program Project Submittals. Reports covered updates from the CFO, monthly financial status, grants, affordability, construction work in progress, vendor outreach, conflict of interest, and FY 2027 units of service. Member engagement regarding proposed charges, including specific adjustments for entities like Greenwood Township, Highland Park, and Dearborn, was detailed, alongside a review of operating budget highlights showing a net zero increase in staffing.
