Page 19 - Beaumont Basin Watermaster

Section 2
Watermaster Activities

$33,173.85 were used to fund the administrative expenses. In addition, $239,210.00 in
revenues were collected from the water agencies to fund the Groundwater Model Update and
Redetermination of Safe Yield, as a special project. Assessment to the water agencies was
based on their share of the operating safe yield; the City of Beaumont did not provide any funds
for the special project. An estimated $61,000.00, or approximately 25 percent, of the special
project fund were allocated to FY 2013.

The proposed budget for FY 2014 includes $107,060.00 for administrative expenses and
$180,710.00 for special projects. Funding for administrative expenses is expected to be cover
from a carryover of $71, 027.39 and water agencies contributions of $7,206.52. Funding for the
special project will be primarily funded from a carryover and a minor agency contribution.

The following table presents a comparison between the approved and amended budgets for FY
2012-13 and the proposed budget for FY 2013-14.

FY 2012-13 FY 2012-13 FY 2013-14
Operating Expense Approved Amended Proposed
Budget Budget Budget

Administrative Expenses

Bank Fees and Interest $ 450.00 $ 50.00 $ 60.00
Miscellaneous and Meetings $ 1,000.00 $ 450.00 $ 500.00

Acquisition/computation & Annual Report $ 70,000.00 $ 80,000.00 $ 55,000.00
Annual Audit $ 2,000.00 $ 2,000.00 $ 2,000.00

Engineering Services $ 0.00 $ 3,000.00 $ 17,000.00
Legal Expenses $ 10,500.00 $ 22,500.00 $ 22,500.00

Reserve Funding $ 7,000.00 $ 7,000.00 $ 10,000.00
$ 90,950.00 $ 116,000.00 $ 107,060.00

Special Project Expenses
Engineering $ 0.00 $ 51,000.00 $ 178,210.00

Litigation $ 0.00 $ 10,000.00 $ 2,500.00
Total Operating Expense $ 90,950 $ 176,000.00 $ 287,770.00

2.6.2 Financial Audit
The Beaumont Basin Watermaster has a financial audit performed on annually on a fiscal year
basis. The audit assists in properly accounting for the revenues and expenses of the
Watermaster and tracking the financial resources of the agency. The detailed audit report for FY
2013, prepared by Rogers, Anderson, Malody, and Scott, LLP, was presented at the August
2013 Watermaster meeting. A copy of the audit is included under Appendix B.

Beaumont Basin Watermaster 2014 Annual Report – DRAFT – August 2014 2-7