A key indicator of success for GLWA has been our strong financial performance, allowing us to earn customers’ and investors’ trust through financial stability and transparency.

Below, you’ll see the effort of that transparency and financial responsibility. Or go to Legistar to review our Audit Committee Minutes.

Single Resource Download

Proposed FY 2021 & FY 2022 Biennial Budget and FY 2021 Water and Sewerage Service Charges

This document includes the proposed FY 2021 & FY 2022 Biennial Budget and the proposed FY 2021 Water and Sewerage Service Charges to be presented at the Public Hearings which are scheduled for the Board of Directors meeting on Wednesday, February 26, 2020.

Single Resource Download


As a key part in our mission for transparency, we release our budget and financial plans yearly, which can be downloaded below. An integral part of our financial plan is our five-year Capital Improvement Plan (CIP)

Single Resource Download

FY 2019 & FY 2020 Biennial Budget

This document is the summary of Board Actions Pertaining to Adoption of the FY 2019 and FY 2020 Biennial Budget, FY 2019 Service Charges, and FY 2019 through FY 2023 Capital Improvement Plan.

Single Resource Download

Approved FY 2020 Schedule of Water and Sewer Service Charges

This document includes the Approved FY 2020 Schedule of Water and Sewer Service Charges that was approved by the GLWA Board of Directors at its meeting on March 13, 2019.

Single Resource Download

Proposed FY 2020 & FY 2021 Biennial Budget

This document includes the Proposed FY 2020 & FY 2021 Biennial Budget to be presented at the February 27, 2019 public hearing as outlined in the attached Notice of Public Hearing.

Single Resource Download


These financial statements were prepared in accordance with U.S. generally accepted accounting principles (GAAP) and audited by a firm of independent certified public accountants.

Single Resource Download

GLWA Audit Committee Meeting March 27, 2020

The GLWA’s Audit Committee shall meet at least four (4) times per year, with the Authority’s Chief Financial Officer, Chief Executive Officer and the Authority’s independent public auditors to review the reports related to the financial condition, operations, performance and management of the Authority.

Single Resource Download

2018 Feasibility Forecast Considerations

As the Great Lakes Water Authority (GLWA) prepares for a potential water and sewer refunding and new money transaction for the local Detroit Water & Sewerage Department new money sewer transaction, a number of financial analyses have been prepared by the GLWA’s feasibility advisor, The Foster Group.”

Single Resource Download


The quarterly construction work-in-progress (“CWIP”) report highlights key projects under construction and overall progress on delivery of the Capital Improvement Plan (“CIP”).

GLWA Financial Statements

GLWA assumed operations of the regional water and sewer systems on January 1, 2016, midway through the fiscal year. Audited financial statements are presented below for GLWA’s fiscal years ended June 30. Also presented below are the audited financial statements for the predecessor entity, the Detroit Water & Sewerage Department, for the six months ended December 31, 2015, which reflect both local City of Detroit operations, as well as regional operations.

GLWA Audit Reports

GLWA Audit Reports for the year ended June 30, 2018 with 12 months of regional systems operational activity.

Financial Policies

The GLWA Board adopts policies to ensure compliance with state laws and good financial management practices.

DWSD Monthly Financial Reports and Other Reports of Interest

GLWA’s outstanding bonds are secured by a statutory lien on the Pledged Assets, including Net Revenues from DWSD Customer Charges, pursuant to Act 94 and the GLWA’s Bond Ordinances. The DWSD financial reports are presented here for reference by stakeholders.

Wastewater Charges Methodology Workgroup Initiative

GLWA and its member partners continue to explore best practices and new opportunities to achieve a charges methodology that is fair, equitable, and optimizes regional system opportunities. This section provides key documents related to that effort.

View the Financial Archives

To look back at GLWA’s financial records, plus select DWSD records, explore our financial archives.