Financials

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.

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GLWA Budget & Financial Plan

As a key part in our mission for transparency, we release our budget and financial plans yearly, which can be downloaded below. For previous versions, visit our archive.

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FY 2017 Comprehensive Annual Financial Report

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.

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Audit Committee Binder July 20, 2018

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.



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.


Other Reports of Interest

This section provides a number of reports to our stockholders.

View the Financial Archives

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