Page 20 - Beaumont Basin Watermaster - DRAFT 2016 Annual Report

Section 2
Watermaster Activities

2.6 Financial Management

The Watermaster must develop and administer a budget for all administrative, operational, and
capital costs it incurs. The following discussion summarizes the budget established for the
Fiscal Year 2016 operations.

2.6.1 Budget
The budget for Fiscal Year 2016 was initially approved at the June 1, 2016 Watermaster
Committee meeting. The approved budget provided funding for Administrative expenses in the
amount of $128,050.00 , an increase of $15,000.00 or 13.3 percent from the prior year of
$113,050.00. Funding for administrative expenses was covered from a carryover of $15,000.00
and water agencies contributions of $22,610.00 each. The approved budget did not include any
funds for Special Projects as the basin model update and the Safe Yield studies were
completed in the previous two years.

The proposed budget for FY 2017 includes $183,050.00 for administrative expenses; no budget
was allocated for special projects. Funding for administrative expenses is expected to be cover
from water agencies contributions of $ 36,610.00 each. The following table presents a
comparison between the final budgets for FY 2014-15, final budget for FY 2015-16, and
approved budget for FY 2016-17.

FY 2014-15 FY 2015-16 FY 2016-17
Approved Approved Approved
Operating Expense
Budget Budget Budget
Administrative Expenses
Bank Fees and Interest $ 50.00 $ 50.00 $ 50.00

Miscellaneous and Meetings $ 500.00 $ 500.00 $ 500.00
Acquisition/computation & Annual Report $ 75,000.00 $ 85,000.00 $ 90,000.00
Annual Audit $ 2,500.00 $ 2,500.00 $ 2,500.00

Engineering Services $ 10,000.00 $ 10,000.00 $ 20,000.00
Monitoring and Data Acquisition $ 25,000.00
Meter Installation and Repair $ 10,000.00
Legal Expenses $ 15,000.00 $ 20,000.00 $ 20,000.00
Reserve Funding $ 10,000.00 $ 10,000.00 $ 15,000.00

$ 113,050.00 $ 128,050.00 $ 183,050.00
Special Project Expenses

Engineering $ 22,500.00 $ 0.00 $ 0.00
Litigation $ 2,500.00 $ 0.00 $ 0.00
$ 25,000.00 $ 0.00 $ 0.00

Total Operating Expense $ 138,050.00 $ 128,050.00 $ 183,050.00

Beaumont Basin Watermaster 2016 Annual Report – DRAFT – August 2017 2-7