Page 13 - Beaumont Basin Watermaster Meeting Material

BEAUMONT BASIN WATERMASTER MEMORANDUM NO. 14-04 Date: June 4, 2014 From: Joseph Zoba, Treasurer Subject: Proposed Budget for Fiscal Year 2014-2015 Recommendation: That the Watermaster Committee approves the amended budget for Fiscal Year 2013-2014 and approves the budget for Fiscal Year 2014-2015. The attached budget for Fiscal Year 2014-2015 provides funding for Administrative expenses in the amount of $113,050, an increase from the prior year of $107,060 of $5,990 or 5.6%. The increase is due to the consolidation of the Annual Report and the Engineering Report each year which was approved by the Watermaster Committee on December 4, 2013 as Memorandum No. 13-28 and resulted in an increased cost of about $20,000. The Special Project budget will decrease from $180,710 in Fiscal Year 2013-2014 to $25,000 in Fiscal Year 2014-2015 as the safe yield study and basin model is completed. In the event that the Special Project Committee members decided to pursue additional tasks, there will need to be a future amendment to the Special Project budget. Also attached to this memorandum is an amended budget for Fiscal Year 2013-2014. While additional costs were approved for the consolidated Annual Report / Engineering Report on December 4, 2013, the main change in the current year budget is for the additional modeling costs of $11,720 approved by the Special Project Committee members on May 7, 2014 as Memorandum No. 14-03. The only new contract proposed to be funded next year is the preparation of the 2014 consolidated Annual Report / Engineering Report at an estimated cost of $75,000. Any other contracts or expenses approved by the Watermaster Committee during the next fiscal year will be invoiced following authorization and reflected in an amended budget at the end of the fiscal year. The estimated amount of carryover from the current fiscal year is estimated to be $10,000. The exact amount of the carryover from the current fiscal year will be adjusted in the new budget based on the actual amount of funds at the conclusion of this fiscal year.