Page 22 - Beaumont Basin Watermaster

Section 3
Status of the Basin and Administration of the Judgment

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 2017 operations.

2.6.1 Budget

The budget for Fiscal Year 2017-18 was initially approved at the August 2, 2017
Watermaster Committee meeting under Memorandum 17-17. The approved budget
provided funding for Administrative expenses in the amount of $197,800.00, an increase of
$14,750.00 or 8.05 percent from the prior year of $183,050.00. Funding for administrative
expenses was covered from a carryover of $189,260.00 from FY 2016-17 and water
agencies contributions of $1,375.00 each. The approved budget did not include any funds
for Special Projects.

The following table presents a comparison between the final budgets for FY 2015-16, final
budget for FY 2016-17, and approved budget for FY 2017-18.

FY 2015-16 FY 2016-17 FY 2017-18
Final Final Approved
Operating Expense
Budget Budget Budget
Administrative Expenses
Bank Fees and Interest $ 50.00 $ 50.00 $ 100.00

Miscellaneous and Meetings $ 500.00 $ 500.00 $ 200.00
Acquisition/computation & Annual Report $ 85,000.00 $ 90,000.00 $ 100,000.00
Annual Audit $ 2,500.00 $ 2,500.00 $ 2,500.00

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

$ 128,050.00 $ 183,050.00 $ 197,800.00
Special Project Expenses

Engineering $ 0.00 $ 0.00 $ 0.00
Litigation $ 0.00 $ 0.00 $ 0.00
$ 0.00 $ 0.00 $ 0.00

Total Operating Expense $ 128,050.00 $ 183,050.00 $ 197,800.00

Beaumont Basin Watermaster 2017 Annual Report – DRAFT – February 2018 2-9