Page 21 - Beaumont Basin Watermaster

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 2018 operations.

2.6.1 Budget

The budget for Fiscal Year 2018-19 was initially approved at the June 6, 2018 Watermaster
Committee meeting under Memorandum 18-13. The approved budget provided funding for
Administrative expenses in the amount of $171,300.00, an increase of $4,520.00 or 2.71
percent from the final budget for prior year of $166,780.00. Funding for administrative
expenses was covered from a carryover of $213,502.00 from FY 2017-18; there were no
contributions from water agencies to fund the approved 2018-19 budget. The approved
budget did not include any funds for Special Projects.

The following table presents a comparison between the final budgets for FY 2016-17, final
budget for FY 2017-18, and approved budget for FY 2018-19.

FY 2016-17 FY 2017-18 FY 2018-19
Operating Expense Final Final Approved
Budget Budget Budget

Administrative Expenses
Bank Fees and Interest $ 50.00 $ 80.00 $ 100.00

Miscellaneous and Meetings $ 500.00 $ 0.00 $ 0.00
Acquisition/computation & Annual Report $ 90,000.00 $ 100,000.00 $ 100,000.00
Annual Audit $ 2,500.00 $ 1,200.00 $ 1,200.00

Engineering Services $ 20,000.00 $ 5,000.00 $ 15,000.00
Monitoring and Data Acquisition $ 25,000.00 $ 23,000.00 $ 25,000.00
Meter Installation and Repair $ 10,000.00 $ 0.00 $ 10,000.00
Legal Expenses $ 20,000.00 $ 37,500.00 $ 20,000.00
Reserve Funding $ 15,000.00 $ 0.00 $ 0.00

$ 183,050.00 $ 166,780.00 $ 171,300.00
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 $ 183,050.00 $ 166,780.00 $ 171,300.00

Beaumont Basin Watermaster 2018 Annual Report – DRAFT - February 2019 2-9